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Ministers accused of capitulation to Nimby lobby

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Ministers have been accused of 'capitulation to the Nimby lobby' after the number of planning permissions granted for new homes tumbled. In a report that fuelled fears over the chronic shortage of housing in Britain, the Home Builder Federation (HBF) said approvals for new developments 'continue to plunge'. The report showed planning permission was granted for 135,290 new homes in the first half of the year - down 17 per cent on a year ago. At the same time, the number of housing projects given the green light fell to 2,456 in the second quarter, down 20 per cent on a year earlier and the lowest level since similar records began in 2006. The HBF said if the trend continues it will lead to a reduction in delivery of 44,000 homes a year which would see housing supply for England fall to levels not seen for a decade. Stewart Baseley, executive chairman of the HBF, said: 'Over recent years the policy environment has become increasingly anti-development and anti-business. 'The Government's capitulation to the Nimby lobby on planning, its mishandling of water legislation and amid a lack of mortgage availability the lack of support for first-time buyers could see housing supply drop markedly in the coming years. 'Fewer homes being built amidst an acute housing crisis has clear social implications, in particular for young people.' DIY INVESTING PLATFORMS Stocks & shares Isa Stocks & shares Isa Easy investing Capital at risk. Isa rules & T&Cs apply. Investment ideas Free fund dealing Free fund dealing 0.45% account fee capped for shares Flat-fee investing No fees £9.99 monthly fee One free £5.99 trade per month Social investing Social investing Share investing 30+ million global community Model portfolios Investment account Free fund dealing Free financial coaching Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. Compare the best investing platform for you

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