Comment on Liz Truss Appointment – Simon Cox of Walter Cooper
Simon Cox, Managing Director of Walter Cooper:
“When it comes to housing, resolving the issues in planning needs to be one of the top items on the next PM’s agenda, and that will mean making some unpopular decisions. Truss now needs to shift her focus from pandering to the NIMBY masses and publicly turn away from previous statements made by other Conservative MPs such as Michael Gove, regarding the so called ‘cartel’, or face alienating the housebuilding community entirely. However, with a general election likely on the horizon I’m doubtful these difficult choices will be put into action any time soon.
“Housing plays a major part in supporting the economy, and as we head into a predicted recession this will prove more important than ever. I’d therefore implore the new PM to work with those in the industry to provide support in promoting an ‘open for housebuilding’ agenda. Truss may have pledged her commitment to removing planning restrictions in an attempt to boost housebuilding, but in abandoning the government target of building 300,000 houses a year, will her so called ‘investment zones’ ever really come to fruition? I’m not sure, but the fact of the matter is, as prices continue to rise due to a lack of supply, something needs to be done to increase the number of houses built in this country before home ownership becomes further out of reach for all but a select few.”