We know - and you and I have discussed this - that we have 210,000 homes with planning permission which are not being built. We know that. In May, you told me that you thought land banking - and many of them are being banked to drive up value - is pernicious. Your word was ‘pernicious’. You have just talked about something that you talked about in your Vision, which is introducing a ‘use-it-or-lose-it’ planning permission. You have also talked at Mayor’s Question Time (MQT) with me about compulsory purchase order (CPO) powers and that they could be introduced, you said, in a way which respected property rights. I quote here. This was in May. You said,
“I am all in favour of using the CPO powers, but we are not living in a Stalinist system and I cannot take land willy-nilly off people. This is not Zimbabwe or whatever. But where there are clear cases of land banking, it would be massively to the advantage of this city and those things need to happen and they need to happen fast.”
That was in May, but last month you said in an article in The Telegraph,
“You won’t get developers risking their cash to build if they are told they are vulnerable to Mugabe-style expropriations.”
Has your policy changed?