Back
News

Grappling with a new normal

On Friday night I received a text from a senior civil servant. It read, simply: “Holy Moly”. Says it all, really.

So, while we work out how to keep the market going in these extraordinary times (and it is not all bad news – apparently £380m of regional offices and warehouses went under offer last week), EG readers should not overlook two clear signals from the government. The first was that (the ever energetic and ebullient) Stephen Greenhalgh has been appointed to be an “additional, unpaid” housing minister alongside Christopher Pincher. This is to be wholly welcomed by EG readers concerned about pipeline: Mr Greenhalgh is an experienced local authority leader, known to be sympathetic to the development community, and very well placed to hold the hand of any local authority trying to maintain a pro-growth approach in these trying circumstances. And the second was that local authority planners were to be included on the list of essential occupations. These are two great signals of intent.

But just why were planners classified as essential? The woman on the Clapham Omnibus could be forgiven for thinking there’d be no problem if planners didn’t do any work at all for a few months.  Are they needed to support the health service? No. Do they deliver essential services required to support people getting food or medication? No. So what’s it all about? Well, it can only mean that as soon as this is all over (or we have a lag between the first and second waves), that government is still hell-bent on fiscal stimulus for anything that looks like economic growth; construction being one of the most obvious targets.

Start your free trial today

Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.

Including:

  • Breaking news, interviews and market updates
  • Expert legal commentary, market trends and case law
  • In-depth reports and expert analysis

Up next…