Developers who sit on land with out constructing could have it nicked again, Sunak vows

GREEDY builders who sit on land with out constructing houses could have it nicked again off them, Rishi Sunak vows right this moment.

In a bid to construct extra reasonably priced houses whereas defending inexperienced belt land within the countryside, the wannabe PM will usher in a significant shake-up of planning guidelines.

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Locking tens of millions of younger individuals out of proudly owning their very own dwelling would betray the following technology and let Sir Keir Starmer into No10, he warned.

Under his plan, builders will face enormous monetary penalties in the event that they don’t construct the houses they promise.

And they could possibly be made to pay Council Tax on the proposed houses in the event that they sit on it for too lengthy with a brand new Build Out Levy.

All new developments must cough up money to begin constructing faculties, roads and outlets earlier than they begin constructing properties, too.

Mr Sunak mentioned final evening: “As Conservatives, we are the standard bearers for capitalism because we know it is the only way to deliver a better tomorrow for our children and grandchildren.

“But we can’t expect those future generations to share our belief in capitalism if they can’t get their hands on capital.

“I will do whatever it takes to build housing that is affordable and plentiful, while protecting the green belt – spreading the joy and fulfilment of home ownership, building the next generation of Conservative voters and keeping Labour out of power.”

Last week the ex-Chancellor confronted a backlash after vowing he would tighten up guidelines round constructing on greenbelt land in a bid to woo over NIMBY Tories.

And he has insisted he received’t persist with the earlier Government’s pledge to construct a minimum of 300,000 new houses a yr.