Developers will win from tax's demise

Sir Peter Hall, Regeneration & Renewal, 19 October 2007

Buried in the pre-Budget statement, so deep it would almost take a speleologist to find, were a couple of paragraphs quietly announcing that the Government has abandoned its Planning Gain Supplement.

PGS, old hands will recall, was a major recommendation from Bank of England economist Kate Barker in her 2004 report to government on the housing supply crisis. In places where...

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