All posts by Toby Lloyd

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Mayor and Chancellor strike a positive deal for London

In last week’s Autumn Statement the Chancellor of the Exchequer announced some very welcome increases in the affordable house building budget – as well as the great news that unfair letting agent fees would be banned. Funding programmes are always complicated things, covering several years and using multiple policy levers – such as direct grants, lending, loan guarantees, and use of public land. So it’s always important to look at the detail of how the headline numbers will actually … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Speculative housebuilding is not enough

On Dispatches last night Liam Halligan highlighted the limitations of the speculative housebuilder model – and Sajid Javid promised to break open the closed market. Bold interventions are needed to enable new types of builder to increase output – we can’t expect the speculative developers to do it all on their own.

Last night there was an excellent Dispatches on Channel 4 looking at private market housebuilding. The presenter Liam Halligan asked why the big speculative developers are not increasing … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Watch out for the Lump of Subsidy Fallacy

Governments repeatedly come up with new types of ‘affordable’ housing that don’t actually make homes genuinely affordable, because they hope this will help more people by making subsidies go further. But this is a mistake, because house building finances are more complicated than doing the weekly grocery shop.

Our new research published today (and covered in The Sun) shows just how few people on ordinary incomes can afford the private rent on an ordinary home. We all know … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Strengthening planning from the ground up

The Neighbourhood Planning Bill is another attempt to balance the competing interests that can make planning so divisive. In strengthening neighbourhood plans and compulsory purchase powers it’s a welcome step towards a strong, positive planning system.

Reading Martina Lees’ excellent Sunday Times piece on the travails of the planning system left me feeling real pity for planners. Everyone seems to hate them – for letting homes get built, for NOT letting homes get built, for being too slow with decisions, … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Welcome moves from the new Minister

Two months on and Theresa May’s new government has not revealed much about its plans for housing – but encouraging signals are now beginning to emerge. Last week the delayed Neighbourhood Planning Bill was published, proposing some welcome reforms, and then yesterday the new Housing Minister suggested that the Starter Homes policy could be tweaked to make it more effective.

Gavin Barwell MP told a property industry conference that supporting homeownership shouldn’t be at the exclusion of support for … MORE...