UK aims to speed up housebuilding with some ‘automatic’ approval By Reuters

UK aims to speed up housebuilding with some 'automatic' approval

© Reuters.

LONDON (Reuters) – Britain wants to speed up the planning system to approve construction projects such as new homes more quickly, with some developments to be allowed automatically, housing minister Robert Jenrick wrote in The Sunday Telegraph newspaper.

Britain has for decades failed to build enough housing to keep up with rising demand, driving house prices sharply higher. Among factors blamed for this situation are the time it takes to get planning permission and the slow pace of consultations.

“We are introducing a simpler, faster, people-focused system to deliver the homes and places we need,” Jenrick said.

“Land designated for growth will empower development – new homes, hospitals, schools, shops and offices will be allowed automatically. People can get going.”

He said a “permission in principle” approach would be balanced with appropriate checks in some areas.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.