The planning system shambles

House planning in shambles - at Moneyweek.co.uk - the best of the week's international financial media.

Panther Securities plc Chairman's Statement: Andrew Stewart Perloff

In the current climate with low interest rates and strong demand, builders and developers could easily provide more housing at lower cost more affordably for first time buyers. There is a popular misconception that there is insufficient land on which to build. This statement is utter rubbish. The only bottleneck is the incompetence in the planning process accompanied by local authorities' political correctness and their barely legal blackmail of developers with their ridiculous demands for money payments under section 106 agreements for social housing provision.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.