Economics
UK Chancellor to Fast-Track Housing Approvals Near Rail Stations
A train passes the Curzon Street construction site of the HS2 high-speed railway line project in Birmingham.
Photographer: Darren Staples/BloombergUK Chancellor of the Exchequer Rachel Reeves plans to fast-track planning approvals for housebuilding near big commuter rail stations as part of reforms that aim to deliver 1.5 million new homes over five years.
Developers who submit acceptable projects in high potential areas near commuter hubs will be given a default “yes” under proposals designed to deliver greater housing density in key areas, part of a broader drive to boost economic growth.