Housing is expensive in Britain. This is because we have built too few houses for the number of new households – land auctions will help give us the homes we need

Abstract

The budget today will almost certainly see the announcement of new plans for land auctions. Tim Leunig outlines how, if introduced, these ‘community land auctions’ will give councils an absolute right to decide on new development – and the ability to benefit far more greatly from new development than they do under the current system