The ‘priced out’ generation will be the main benefit of planning reforms planned to come into effect in the UK. The law will be making it easier for developers to construct new homes which would increase supply and potentially drive down historically high prices.
The main group of people who are against this, driven on by a ‘vested interest’ Daily Telegraph campaign, are the older generation who have benefited from buying at a fraction of todays’ prices and the most rampant house price inflation in history. They are more concerned with conserving the value of their property and less so about the greenbelt for which they use as the main reason to prevent these reforms.
The UK chancellor said new planning laws would help younger people take a step on to the property ladder.
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