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.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
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.