Britain's Failure To Build is Throttling Its Economy
An anonymous reader shares a report: Building in Britain is never easy, often difficult and sometimes impossible. The country has become a vetocracy, in which many people and agencies have the power to stymie any given development. The Town and Country Planning Act, passed in 1947, in effect nationalised the right to build. Decisions about whether to approve new projects are made by politicians who rely on the votes of nimbys ("Not in my back yard"), notes ("Not over there, either") and bananas ("Build absolutely nothing anywhere near anything"). Green belts, which were designed to stop suburban sprawl, have achieved precisely that. These enormous no-build zones enjoy Pyongyangesque levels of support among voters, who picture them as rural idylls rather than the mish-mash of motorways, petrol stations, scrubland and golf courses that they are in reality. Strict environmental laws protect many creatures, especially cute ones like bats. Judges strike down government decisions if they are based on a botched process because Britain respects the rule of law. In isolation, each part of the planning system may seem unobjectionable. But the whole thing is a disaster. Britain's failure to build enough is most pronounced when it comes to housing. England has 434 homes per 1,000 people, whereas France has 590. Its most dynamic cities can barely expand outwards, and are frequently prevented from shooting skywards as well. But the problems extend well beyond housing. Britain has not built a reservoir since 1991 or finished a new nuclear-power station since 1995. hs2, a high-speed railway, is the first new line connecting large British cities since the 19th century. Even modest projects, such as widening the a66 road across northern England, take over a decade. The result is frustration and slower economic growth. A truly bold government could transform the planning system. A proper land-value tax would weaken the perverse incentives to keep city centres underdeveloped and encourage landlords to build or sell up. Scrapping or shrinking the green belt is a no-brainer. A rules-based system, with local authorities declaring loose zones of development and letting developers build within them, would be preferable to a discretionary system that leaves each decision in the hands of capricious politicians.
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