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With less than two weeks to go to the 2015 General Election, the field is still wide open.
Here we look at the form of the runners and riders and how the bookies are positioning them. We also consider the recently launched manifestos and what they would mean for the industry.
Big ScalpsSome big names, including party leaders, may
lose their constituency campaigns in the 2015
parliamentary election.
Nick Clegg may be on course for a Portillo moment
in Sheffield Hallam as Labour’s Oliver Coppard has
mobilised students sore about tuition fees to campaign
against him and Nigel Farage may fail to take South
Thanet. In fact, William Hill are giving 6/1 on both Nick
Clegg and Nigel Farage losing in their constituencies.
Nigel Farage has previously indicated that he would
stand down as party leader if he does not get elected
to Parliament, although given his previous form on
consistency, this may well change.
In Scotland, Labour and Liberal Democrat losses will
be significant and big names are inevitable to fall as the
SNP pick up the majority of seats.
So what will the outcome be?The likelihood that we will know the shape of our
next government the morning after 7 May 2015 is
slim at best.
Both major parties have a puncher’s chance of an
outright majority but a hung parliament is still by far the
most likely outcome.
In total, there are 650 seats up for grabs but as the
Speaker generally doesn’t vote and potentially the five
Sinn Fein MPs do not take up their seats, this puts the
magic number needed by either to come up with an
effective majority at 323 seats.
At present, pollsters have the Conservatives winning
the largest amount of seats but odds are changing daily
for a Labour minority government and for Ed Miliband
becoming Prime Minister. By contrast, the odds are
drifting for David Cameron remaining in office with
minority control.
People are seeing Miliband as more confident and less
awkward. Are perceptions shifting?
According to the political betting markets, a Labour
minority is most likely with 37% support against only
15.8% for the Conservatives in a minority and 14.4% in a
coalition (figures from Betfair - https://www.betfair.com/
sport/politics).
Of course, the Conservative Party hopes for an outright
majority and that a good record in government will
see them through but they face a serious challenge in
actually getting there. The maths just don’t seem to
quite work.
Housing BritainApril 2015
ELECTION 2015 – A recipe for uncertainty and compromise?
Even if the Conservatives pull away a little closer to 7
May by a couple of percentage points, they would still
fall somewhat short of the required number of seats
and have to do a deal with other parties. The problem
when looking at those numbers is that it still looks very
tough for them to get to that magic number. Could they
get there along with the Liberal Democrats, UKIP and
the DUP in Northern Ireland and would that work, even
if they wanted it to?
Labour, of course, are also talking down the prospect
of forming a minority government but the reality is that
they will only form a government by doing a deal with
others and they will be further away from the 323 seats
required than the Conservatives. They will likely also
need the SNP. This is the reason why there has been
such intensive argument about a Labour-SNP coalition
or vote-by-vote arrangement and why the opposition
leaders’ debate was dominated by Miliband vs Sturgeon.
Come the 8 May deals will be discussed and possibly it
won’t be a firm coalition 2.0 but instead we head back to
the 70s with a confidence and supply agreement. This
is how a minority government ensures it survives any
vote of no confidence and also gets budgets through
(supply). Other voting in the House will need to work
on a vote-by-vote basis whereby horse-trading will,
undoubtedly, be rife.
This next government may be an exhausting
environment whatever its composition, where votes in
the House will go through by the slimmest of margins
and the deal making will be continuous. Could this
lead to another 1974, a year in which the country went
twice to the polls? The similarities to this election are
actually striking and whilst a second election may force
the public to make a clearer choice it would also lead to
more inactivity, less investment and more delay. None
of this can be good for our industry or economy.
Manifestos on housingManifestos are interesting when considering the
political environment in which we are now living.
A manifesto, of course, is a declaration of policies,
which would be adopted if the party publishing it
were to form a majority government - a currently
unlikely scenario.
This last week has seen the launch of all manifestos and
whilst our businesses are currently more focused on
work in England and Wales, the SNP manifesto is quite
important. They may have a significant role to play in
UK wide policy and certainly Nicola Sturgeon and the
SNP believe they can bring progressive politics to Great
Britain.
Here we show the housing highlights of the party
manifestos. There is much to report as all parties agree
that the housing crisis is a big issue and the delivery of
housing is vital.
ConservativesStronger Leadership - A Clear Economic Plan
• Selling off highest value vacant council properties to
invest locally in more affordable housing.
• A £1bn Brownfield Fund to deliver 400,000 new
homes.
• Extend the ‘Right-to-Buy’ to 1.3m Housing
Association homes.
• 200,000 starter homes for first-time buyers under
40 at 20% discount.
• Extend Help to Buy and new Help to Buy ISAs.
Labour PartyBritain Can Be Better
• 200,000 homes built a year by 2020.
• Build a new generation of garden cities.
• Give first call to first-time buyers in areas of housing
growth.
• Use it or lose it powers to encourage developers to
build.
Liberal DemocratsOpportunity For Everyone
• An annual target of 300,000 for the number of new
homes to be built across the UK.
• At least 10 new garden cities in England, with five
of these linked by a new rail connection between
Oxford and Cambridge.
• Encourage rural local authorities to follow the
principles of garden cities in village or suburb
development as part of growth plans.
• A new government-backed Housing Investment
Bank would provide long-term capital for major new
settlements and help attract finance for major house
building projects.
• Greater use of compulsory purchase orders by
reviewing legislation.
• Increase housing supply from 5 to 15 year pipeline.
• Strengthen the Duty to Co-operate and Housing
Market Assessments.
• Prioritise brownfield development and stop
permitted development rights for converting offices
to residential.
• Create a community right to appeal.
Green PartyFor the Common Good
• Provide 500,000 social rented homes by 2020.
• Bring empty homes back into use.
• Abolish the bedroom tax.
• Cap rents, introduce longer tenancies and licence
landlords to provide greater protection to renters.
• Minimise encroachment onto greenfields.
UK Independence PartyBelieve in Britain
• Protect the Green Belt.
• Bring empty homes back into use.
• Build one million homes on brownfield sites by 2020.
• Prioritise social housing for those with local
connections to an area.
• Give local people the final say on major planning
developments in their area.
• Restrict the ‘Right-to-Buy’ and ‘Help-to-Buy’ schemes
to British nationals.
• Abolish the Mansion Tax.
Scottish National Party (SNP)Stronger For Scotland
• Back investment in an annual house building target
across the UK of 100,000 affordable homes a year.
• Support for ‘Help-to-Buy’ and shared equity
schemes.
• Abolition of the bedroom tax.
• Developers who “land bank” with granted
permissions will face confiscation.
Plaid CymruWorking For Wales
• Additional planning powers for the Welsh
Government.
• Put local need and benefit, sustainability and impact
on the Welsh language at the heart of a new planning
system.
• Commit one percent extra of UK GDP to
infrastructure investment each year.
• More sustainable infrastructure, with a particular
focus on housing, public transport, leisure and
education facilities, urban green areas and cycle
routes.
It is difficult to see what form of policy for housing
and development would emerge when parties try
to combine these pledges in a coalition. However, it
seems clear that if the Tories and UKIP work together,
the emphasis on house building will diminish, especially
on Greenfield and Green Belt sites. This unfavourable
shift for the industry looks less likely under a Labour-led
coalition.
A hung parliament may not be too unfavourable for the
industry as it may leave the current policy framework
untouched and delay any major changes to the
emphasis on growth and development in the NPPF.
The country doesn’t have long to wait for election day
but clarity in policy for planning and development may
prove elusive for some time to come.
Some further analysis of the situation will be provided
post election……
Contact us
Boyer 83 Blackfriars Road London SE1 8HA
0203 268 2433 [email protected] www.boyerplanning.co.uk https://uk.linkedin.com/company/boyer-planning
TFA Atlantic House, Imperial Way Reading RG2 0TD
0118 903 [email protected] www.tfa-ltd.co.uk @TFAEngagement https://www.linkedin.com/company/tristan-fitzgerald-associates-tfa-?trk=top_nav_home