[Re: The Greenbelt sacred cow: It pens in the poor for no environmental gain, Monday]
It is not only Greenbelt land that is being wasted. There is so much scope for Brownfield development in London. Bishopsgate Goods Yard – a 10 acre plot by Shoreditch that has sat derelict for 50 years – is finally to be replaced by 2,000 new homes and two 55-storey towers. Grosvenor has bought a former biscuit factory site in Bermondsey, which will be used for a further 800 properties. The government should scrap Help to Buy, which is just stoking a housing bubble, and make more of this Brownfield land available to to boost housebuilding.
The low quality of a lot of modern development is itself a consequence of planning restrictions. If the price of land is pushed up to such ridiculous levels, homebuilders are forced to make savings elsewhere.
[Re: Do not assume that an interest rate rise would be bad for the economy, yesterday]
Well put. Now that growth has returned, we must be concerned with its sustainability. The Bank should ensure stable long-term policy, not short-term booms powered by monetary methadone.
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