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How has the High Streets Task Force fared?

COMMENT Harold Wilson said: “A week is a long time in politics.” But, notwithstanding the fact that it was a big chunk of change during Liz Truss’ ill-starred premiership, in real estate, things move at a more glacial pace.

Large mixed-use developments can sometimes take more than a decade to gestate. It is perhaps no surprise that some of the most disastrous shopping centre developments of the last decade were conceived prior to the global financial crisis, with sunk-cost fallacy and misplaced momentum.

This delivered town centres that lacked the resilience to carry them through the challenge of first the internet and then the Covid-19 pandemic.

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