Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

UK commits to regulator’s proposals to improve housebuilding

admin by admin
October 22, 2024
in Economy
0
UK commits to regulator’s proposals to improve housebuilding
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

LONDON (Reuters) – Britain’s new Labour government said on Tuesday it had accepted proposals from the country’s competition watchdog to improve the quality of homes being built.

In February, the Competition and Markets Authority (CMA) said the housebuilding sector needed “significant intervention” and raised concerns about the quality of some new housing, following a year-long probe.

It proposed that the government should streamline what developers often said was a complex planning system, in order to fix Britain’s chronic housing shortage that has driven up prices.

Housing minister Matthew Pennycook said the CMA was right to highlight the areas for improvement, and that the government would work to address the regulator’s 11 recommendations.

“We will empower homeowners to challenge developers over poor quality new homes and bad service,” Pennycook said.

“Alongside this, our updated National Planning Policy Framework and the reinstatement of mandatory housing targets for councils will ensure communities have the homes and necessary infrastructure to thrive.”

Prime Minister Keir Starmer, whose Labour Party came to power after a landslide election victory in July, has set mandatory housing targets and announced planning reforms as part of a push to speed up economic growth.

Labour plans to build 1.5 million homes over the next five years, with an aim to deliver 370,000 new houses across the United Kingdom annually, up from a previous target of 300,000 that was abandoned by the previous Conservative government.

This post appeared first on investing.com

Previous Post

Factbox-Brokerages raise China GDP growth estimates for 2024

Next Post

Industrial paintmaker Sherwin-Williams profit misses estimates on weak demand

admin

admin

Next Post
Industrial paintmaker Sherwin-Williams profit misses estimates on weak demand

Industrial paintmaker Sherwin-Williams profit misses estimates on weak demand

Trending News

Why Bank of America sees 13% upside on Roblox (RBLX)

Why Bank of America sees 13% upside on Roblox (RBLX)

June 5, 2025
Trump’s pause on tariffs on Mexico and Canada: a win or a retreat?

Trump’s pause on tariffs on Mexico and Canada: a win or a retreat?

February 4, 2025
Best all-weather SCHD ETF stocks to buy and hold in 2025

Best all-weather SCHD ETF stocks to buy and hold in 2025

January 21, 2025
Subscribe to Insightful Word


    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025
    Dow Futures soar as Wall Street bulls charge toward record highs

    Dow Futures soar as Wall Street bulls charge toward record highs

    June 27, 2025
    Morningstar lifts Netflix target but warns shares remain overvalued

    Morningstar lifts Netflix target but warns shares remain overvalued

    June 27, 2025

    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025

    Latest News

    • Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high
    • Nike shares jump on improved outlook, shift from China; analysts see recovery
    • Dow Futures soar as Wall Street bulls charge toward record highs

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.