The Chancellor of the Exchequer has confirmed the government is determined to revamp the planning system to boost house building.
A report released today claims 200,000 new construction jobs could be created by returning house building to pre-war levels.
The Centre for Economics and Business Research’s report highlights how construction levels of 300,000 homes a year in the 1930s helped bring about the end of the Depression.
The CEBR’s Shehan Mohamed said: “With fiscal and monetary policy measures exhausted, the government should consider how scaling back regulation can help bolster growth.
“One such measure is an easing of planning laws which would help create thousands of new jobs in construction.”
The Chancellor, George Osbourne, told the Financial Times: “No-one should underestimate our determination to win this battle.
“This is our opportunity to unlock the new investment and new jobs the country needs. We cannot afford to miss it.”
Just over 95,000 homes were started last year and a consultation is currently under way on the Draft National Planning Policy to streamline the current 1,000 page planning rule book to just 52.