Owl says: Oh, the poor, poor darlings! We must set up a charity or a crowdfunding page for them. We could make the aim of the charity “To unite Tory developer donors to pressurise government to create other ways of making obscene profits”.
“Councils would be able to strip landowners of large portions of profits from the sale of their land, under proposals expected to be unveiled in the Budget, The Sunday Telegraph can disclose.
An official review commissioned by Philip Hammond, the Chancellor, is to endorse controversial calls for the state to “capture” more of the increase in value of sites when they are granted planning permission.
Sir Oliver Letwin, the former minister carrying out the review, is expected to recommend that local authorities should be able to seize greater amounts of landowners’ profits in order to fund the construction of local infrastructure such as roads and affordable homes. …”