Publications
In my back yard:
unlocking the planning system?
| Author: | Tim Leunig |
| Date of Publication: | March 2007 |
| ISBN: | 1 902622 60 X |
Britain’s housing market is in crisis. Too few houses are being built, while prices continue to spiral ever higher.The dream of home ownership is increasingly becoming the preserve of the rich.
At the root of the problem is the planning system – there is too little incentive for local communities to permit new development. In ‘In my back yard’, Tim Leunig proposes a radical new solution which seeks to return some of the gains from new developments to local communities – turning NIMBYs into IMBYs, and alleviating the crushing pressures on the housing market.
“This is a radical way to improve the link for communities between development and financial benefits — it is worth further exploration.”
Kate Barker, Bank of England MPC and author of the Barker Review of Housing Supply
"This exciting proposal deserves serious consideration. We can debate
the details, but it is clear that using auctions can efficiently
allocate resources and capture the gains for the wider community."
Paul Klemperer, Edgeworth Professor of Economics, University of Oxford.
"Would give power over development, and the benefits of development, to the local community where it belongs. A practical financial foundation for localism"
Lord Lucas, Conservative peer
“These fresh ideas should be seized on by local communities and housing campaigners alike. By re-aligning incentives, Dr Leunig’s ideas work with the market, and provide a 21st century version of the old Liberal demand for land value tax.”
Edward Davey MP
“Giving local communities the power to auction and thus derive a fair share of the land value uplift that comes from good planning and development deserves serious consideration.”
Gideon Amos, Chief Executive, Town and Country Planning Association