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Drop in rate of growth for recent house building 
Gordon Brown has been accused of “spin” and a “lack of ambition and urgency” by Britain’s leading property organisation over the new house building targets he has set.
The Royal Institution of Chartered Surveyors said that the prime minister’s plans to increase house building from 200,000 to 240,000 new homes a year by 2016 represented a drop in rate of growth of recent house building. It said that the policy implied a growth rate of 3.7 per cent in the number of new homes built until 2016, down from the average of 5.2 per cent achieved over the past five years. Separately, PwC, the professional services firm, said the prime minister’s new targets could still leave a shortfall of 240,000 homes relative to the projected rise in households over 2007-20. If you require any further information about the services that we provide or would like to review your financial planning position, please contact us |