EconomyPolicy

London Planning Rules to Be Eased in Emergency Housebuilding Push

The UK government is preparing emergency measures to relax London’s planning requirements for residential properties. Changes could affect window placement and bicycle storage rules to accelerate construction amid a significant housing slump.

Emergency Measures Target Planning Barriers

London’s residential planning regulations are reportedly set for temporary relaxation under emergency provisions being developed by the government, according to sources familiar with the negotiations. Housing Secretary Steve Reed is in discussions with London Mayor Sadiq Khan to modify specific requirements that analysts suggest have contributed to a dramatic decline in construction activity throughout London.

EconomyPolicy

Chancellor Reeves Considers Energy Bill Relief and Tax Measures in Upcoming Budget

Chancellor Rachel Reeves is reportedly considering interventions to reduce energy bills, including potential VAT cuts. The government faces a £22bn fiscal gap while maintaining commitments to key tax rate freezes.

Energy Bill Relief Measures Under Consideration

The government is reportedly planning “targeted action” to address rising living costs, with energy bills being a primary focus of the upcoming Budget. According to reports from the BBC, officials are considering cutting the current 5% rate of Value-added tax charged on energy, which could provide immediate relief to households. Another option under discussion involves reducing regulatory levies currently added to utility bills, sources indicate.