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By David Wessel | April 25, 2018 6:16:56 1,000 people are currently working in the UK’s most populous city, London.
That’s a staggering number, but it is hardly the whole story.
The problem is the lack of transparency in planning processes, which means we don’t know the full picture of what’s being built.
For example, what are the projects in the pipeline?
What are the costs?
How many jobs will be created?
There are no easy answers, but this article will give you a start.
Here’s what you need to know to get started: What’s the UK building boom?
The UK building industry has been booming since the 1980s, fuelled by a surge in demand for land, energy, infrastructure and services, and a proliferation of new buildings.
It was a boom driven by a combination of government policies and a surge of cheap foreign capital.
From 2001 to 2020, London saw an increase in the number of new building permits (and a decline in the use of existing buildings), but the construction boom did not fully pick up until 2017, after the government introduced its Build Britain scheme.
Since then, the UK has witnessed a massive surge in the construction of new residential, commercial and industrial buildings, a boom that continues despite some notable setbacks.
What are the main reasons for the UK to be the world’s most densely populated country?
Although there are plenty of reasons why London is such a big place, it’s not a coincidence.
This article explores the factors that have led to the city’s rapid expansion.
In short, the city has been a magnet for foreign investment.
How can we better understand London’s growth?
By studying how the UK government plans and budgets, we can gain a better understanding of what is going on and why.
Who pays the bill?
From the late 1800s, when the city first came into being, Londoners built their homes on land owned by their neighbours, and were paid to do so.
Then, as the city grew, so too did the number and quality of these plots of land.
Today, a significant chunk of this land is leased to developers, many of whom then build new developments on top of this.
When this happens, the taxpayer gets stuck with the bill, even if the land is not being used for the benefit of the local community.
Do the buildings cost the taxpayer anything?
Some new housing developments do have public benefits, such as providing more affordable housing, or improving the environment, but not all new developments do.
There have been a number of recent cases where the Government has paid for new housing to be built on private property in areas where it is not needed, such a housing estates or schools.
Is it fair for taxpayers to pay for a building to be constructed on public land?
In the last two decades, London has been increasingly reliant on the taxpayer to finance infrastructure and social services.
On top of that, a number a private developers have been paying for their projects to be completed on public roads.
A good example of this is the HS2 railway link between Birmingham and London.
It has been used for over a century, but in 2020, HS2 was deemed to be “too costly” to keep going and it was cancelled.
Can I build on public property?
While the UK is a very densely populated city, the rules of the road can be tricky.
Even in areas that have had to face restrictions, there is a level of flexibility that the Government is keen to ensure that there are no conflicts between the public interest and the private interests of developers.
Where does this leave me?
I’m a UK resident and the UK Government has been my biggest financial supporter, although my property is not located in London.
But what if I do want to build on the land in question?
A new housing development in the city will usually require approval from local councils.
To get that permission, you’ll need to apply to the local authority for permission to build.
Are there any environmental consequences to building on public properties?
This is a key question that has been raised with regard to building in the capital.
If a development is on private land, it is possible to build within the protected nature of the property, but that’s often only if the development is being used as a public amenity.
Should I use an easement or other special arrangement to build?
An easement is a legally binding agreement to make use of an area in which the land formerly belonged, and which has now become a public place.
While some areas of the UK are already easements, many more have not yet been, and can be a challenge for those who want to construct on public spaces. Some of