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Competition and Markets Authority launches probe into the housebuilding sector | On The Money

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‘The accusation against the big house builders, which they would deny, is they make higher profits by deliberately building too few homes.’

Liam Halligan & Patrick Christys discuss the Competition and Markets Authority launching a probe into the housebuilding sector

#OnTheMoney

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15 Comments

15 Comments

  1. @johncatto5019

    January 10, 2024 at 1:26 pm

    Whatever the rights and wrongs of what is going on we desperately need more houses for native British people, that is a fact. It is up to our lords and masters to sort this out and look at the house building industry in detail to ensure it is working as well as it can.

  2. @philc1773

    January 10, 2024 at 1:26 pm

    This will be good!

  3. @vincentpapworth4543

    January 10, 2024 at 1:26 pm

    I live in Cambridge and I worked on a housing estate called Trumpington meadows. The council said the homes were needed for Addenbrookes Hospital so the plan's were a proved. Then I heard that over a third of the property's were sold to Asia banks and less than one percent went to the people how work at the hospital. So you can build on every part of the UK and there would still be a house in problem. The developer says the home's are for the locals and foreign banks and housing associations byes them.

  4. @Pob2278

    January 10, 2024 at 1:26 pm

    There should be a full investigation into the planning system as a whole. The planning system is in a desperate need of a full overhaul with incorporation of major reform to planning policy. Smaller development businesses along with Planning Consultants Companies are going bankrupt due to local councils & there planning departments complete disrespect to applicants. These businesses are being forced into bankruptcy due to in many circumstances being timed out. To put this into context, there are no consequences, fines, never-mind an arbitration unit incorporated into the system to balance the lack of involvement and communication in such circumstances. They have no recourse. All Planning Committee Members should be neutral and have no political connection to that borough. In many instances, planning committee members, do not hold qualifications, neither have the commercial experience to judge an application on its own individual merits for the benefit of its constituents. Some members, are always of a particular age-group generally joining such committees to just decline or hinder applications. I have witnessed on many occasions both committee members and MPs who turn up-to such planning committees having not even read the application, neither it’s content, needless to say, displaying a clear lack of understanding, to its context/content in association with all of its supporting technical reports. All Planning applications should be heard, recorded, and monitored, and not declined under delegated powers which some councils have the ability to implement. There should be clearer framework nationally in expanding planning policies such as the distinction with varying types of Green Belt for example where harm has already been done, due to either previous planning applications, planning history again in context where councils have failed in its duties to stop such harm previously and then insisting such land is now un developable Greenbelt. Distinction between adjoining or joined up settlements should be established within such frameworks and allocated accordingly and automatically. Planning Officers struggle daily to justify the types of planning balance against its own development plans and framework. How Care is not currently classed as an exceptional circumstance in comparison to affordable housing schemes in Green Belt is a further example of overall incompetence within planning. Old buildings are a further example, where officers fail to acknowledge when a building is at the end of its life. Forgot any type of report on justification, I would guarantee it’s always one for reasons for a refusal. Keeping locally listed buildings with no national merit or heritage just because their Wife worked there 50 years ago, or maybe a local artist built it, who you,ve never heard of, is another example of commercial incompetence. They have no compassion to the cost implications of refurbing such buildings/ nore would the council have the funds in which to do. They should accept when such buildings are at the end of their natural life and therefore should embrace and encourage applicants, which would be welcomed. I am not aware of any MP, in todays society who hold competent planning knowledge or the commercial background to restructure this whole debacle. Quite recently you will have noticed and acknowledge that the NHS is at breaking point. It’s absolutely laughable when you read NHS comments on planning applications when acting as a consultee. Some of their statements read that they have no underlying bed blocking issues or lack capacity. Please explain who is writing such comments? I could happily,(rant),(type), all night on this particular subject, but productively better to just throw away my Keyboard in disgust😂.

  5. @seanpidduck

    January 10, 2024 at 1:26 pm

    The Bank of England have done just as much damage as the house building cartel. 0% interest rates and fake money printing, where else was it going it go besides inflating assets? The next generation have been screwed

  6. @Motorbikeman69

    January 10, 2024 at 1:26 pm

    Sorry you have got it wrong Liam , the planning permissions un used is because they are in the wrong places and will be hard to sell an not profitable . The locals and councillors are the problem ,they are the cause of under supply and high cost of housing .

  7. @JU-xt8tv

    January 10, 2024 at 1:26 pm

    Feels like their building too many where I live. They are literally building another town between a village and town.

  8. @andygeorgeparkinson2515

    January 10, 2024 at 1:26 pm

    You drive through France , Germany etc loads of “ individual “ houses built by local or small developers, drive through U.K. very few variances all sold by just a few huge companies who sit on a massive unused land bank so no one else can get into the market …..been like that for years ……U.K. people suffer

  9. @georgemorrison9280

    January 10, 2024 at 1:26 pm

    It’s not that there are too few houses …..it’s because there are too many people .

  10. @xanxus211

    January 10, 2024 at 1:26 pm

    It isn't just mass immigration and open border policy. We aren't even building enough homes to house the people we already have. Abled young and aspirant will take one look at the situation and sod off abroad for greener pastures. You can all say goodbye to your triplelock pensions cause no one sane will participate in this system and you'll need mass Immigration to keep the ponzi going.

  11. @stevenskyrme182

    January 10, 2024 at 1:26 pm

    Cost of materials is ridiculous at the moment which has being brought on by bad government decisions don’t have to be Einstein to work out if you build now houses will cost more thanks for that our glorious wonderful government 😊

  12. @TG-ts3xn

    January 10, 2024 at 1:26 pm

    We should be deporting all foreign criminals and their dependents.

    Tories own the green land they want to build houses on.

    We wouldn’t need homes if immigration wasn’t an issue.

  13. @nicholasmorrill4711

    January 10, 2024 at 1:26 pm

    We don't have a housing crisis we have an immigration crisis.

  14. @Shaddowbanned

    January 10, 2024 at 1:26 pm

    It's comedy gold ….let's invite the world to live here then act surprised by the housing crisis lol
    You don't need a probe into it, give me the money and I will enlighten you.

  15. @daveseagrave384

    January 10, 2024 at 1:26 pm

    The large builders employ cheap migrant labour and give kickbacks to mps

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