The Chancellor’s claim that planning costs are among the highest in the world is groundless; when asked for its evidence, the Treasury had to admit it had “no recorded information”.
Damn, this isn\’t even economics, it\’s straight arithmetic!
What is the price of a house in England? £200k or there abouts for a dwelling (ie, house, flat, average of them all).
What is the rebuild cost of a house (flat, house, average of them all etc)? Given that a nice house costs £120k to build, say, £100k? Fair enough?
What is the price of land? £10k a hectare or thereabouts. How many houses/dwellings can you put on a hectare? The government says 14 minimum. So, we can see that the cost of land is under £1k per dwelling.
I\’m not going too fast for anyone am I? Good, now, out with the calculator.
£200k minus £100k mionus £1 k gives: £99k.
Excellent, we now have the cost of the planning system to each household in the country: £99k.
Excellent, off you go now and see if you can find a place with a higher cost, eh?