22 Jul 22.07.2016 Teresa May is planning a boost in the housing market in London
22.07.2016 Teresa May is planning a boost in the housing market in London
Theresa May is called to resolve the housing crisis in London: she has already referenced the “need to do far more to get more houses built.” The Daily Telegraph writes there is no longer a shortage of developable land for new homes – it is already more than 250,000 new homes that received approval. May should impose build-out rates on new developments, requiring them to be finished on time. If the developers fail to comply they should face fines and penalty of the land. Finally, the columnist from the Daily Telegraph writes, the new prime minister should create a network of skilled academics to train future workers and builders to tackle the skills shortage. She should also abolish all demand-side subsidies for prospective first-time investor or buyers, such as the Help to Buy and Starter Homes initiatives.