LSE London, week in review - 28 Jan 2018
LSE London News:
On Monday 22 January 2018, as part of our Lent Term Seminar series, Sara Dilmamode (Citiesmode) and Andrew Barry-Purssell (Westminster Council) gave a fascinating presentation on planning tools, focusing on how development plans fit within a plan-led system. Click here to download the PPT presentation slides.
Other housing news:
The Treasury Committee publishes a unanimously agreed report on the Autumn Budget 2017. Local Authority Housing Revenue Account borrowing cap should be removed to help meet target of 300,000 new homes per year.
The unprecedented move follows a bitter battle in the London borough after local activists deselected Labour councillors who backed the so-called Haringey Development Vehicle (HDV). More here.
Two pieces of Lewisham history could be swept away under a new planing proposal submitted to Lewisham Council. More here.
Abolishing stamp duty on homes under £300,000 was the centre piece of Mr Hammond’s November budget. The government says it has already helped more than 16,000 people get on the property ladder. But the Treasury select committee said the move is likely to push house prices by at least the amount the reduction in stamp duty is supposed to save. It said Mr Hammond would only meet his target of 300,000 new homes a year if he took more action to promote building such as lifting a borrowing cap on councils. More here.
British construction companies had their best year in decade for starting work on new homes in 2017 and the outlook for 2018 is positive, an industry body said on Thursday… The National House-Building Council said builders registered plans to start 160,606 new homes, up 6 percent from 2016 and the highest number since the start of the financial crisis in 2007. More here.
Data from banking lobby group UK Finance showed a slump in seasonally adjusted home loans to 36,115 in December, their weakest level since April 2013. The figure was down on the 39,007 approved in November and some 19pc lower than the prior year. More here.