“Unacceptable” delays at a new safety regulator have trapped residents waiting for dangerous flats to be fixed and halted thousands of new homes, according to a House of Lords report.
Bottlenecks at the Building Safety Regulator have pushed up costs for flat owners and put the government in danger of missing its target of 1.5 million new homes by 2029, the industry and regulators committee of cross-party peers said in a report on Thursday.
Regulation means delays. My word.
So, just the basic point again. Economic growth is people doing new things, old things in new ways or even just more of those old things. If we iterpose a layer of bureaucracy whose permission is required to do new things, old things in new ways or even just more of the old then economic growth will be slower.
That’s just how it all works. Doing stuff slower just does mean slower economic growth.
When the regulators’ workers are working from a home which has a garden of half an acre overlooking the Weald and convivial pub just down the road obtaing approval can take a while…
“put the government in danger of missing its target of 1.5 million new homes by 2029”
The government was never in danger of meeting this target. This is not the only bottleneck.
The government could halt immigration until it had enough houses to accommodate everyone.
And we Aussies could then copy you!!
If they did that then Labour would never get in ever again. And they know that.
The default position for any bureaucrat, especially one charged with “safety” is “Whoa there”. If they let anything happen that later causes harm, even if no one could have foreseen it, they are at risk.
We’d still be waiting to use electricity if it was up to them.
Democratic Republic of Britain.
Regulation exists so top bureaucrats can command large departments who oversee the minutiae of the regulations. The side effect is a vast stream of income for the legal profession.
Good point. Top bureaucrats prime objective is to grow his kingdom.
Social housing is making things worse. The developers have to increase the size of developments to cover the cost of giving away valuable assets cheap, which means they’re then too big to get past planning rules. One just rejected near me wanted to build 11 story tower blocks.The grand master plan says 7 stories.
“Affordable housing” is just a subsidy to small groups of people, either those who are favoured on ideological grounds by local politicians making grandiose statements or those who have personal friends in the team allocating houses.
If developers are only building unaffordable housing, then clearly it’s all just sitting there unsold as nobody can afford to buy it.
jgh, the left claim is that nasty foreigners (i.e. rich ones) buy all the “unaffordable” homes and leave them empty.
I saw the latest fire death statistics today. “In the year ending December 2024:
I wonder if deaths from mould and damp now exceed deaths from fire – I doubt the government safety regulator is curious. I hate the government, just never proactive and always getting in the way.