> [The TCPA] moved Britain from a system where almost any development was permitted anywhere, to one where development was nearly always prohibited. Since [it] was introduced in 1947, private housebuilding has never reached Victorian levels, let alone the record progress achieved just before the Second World War.
> Today, local authorities still have robust powers to reject new developments, and little incentive to accept them. Historically, local governments encouraged development because their tax bases grew in line with the extra value created, but this incentive has been eroded by successive reforms that have centralised and capped local governments’ tax-raising powers.
> [The TCPA] moved Britain from a system where almost any development was permitted anywhere, to one where development was nearly always prohibited. Since [it] was introduced in 1947, private housebuilding has never reached Victorian levels, let alone the record progress achieved just before the Second World War.
> Today, local authorities still have robust powers to reject new developments, and little incentive to accept them. Historically, local governments encouraged development because their tax bases grew in line with the extra value created, but this incentive has been eroded by successive reforms that have centralised and capped local governments’ tax-raising powers.
[0] https://ukfoundations.co/