In the 2016 Autumn Statement, the Chancellor announced an intention to introduce a ban on letting agents charging fees to tenants. The consultation period closed on 2 June 2017 and the Queen's Speech has confirmed the Government's intention that the ban will form part of their legislative programme, currently packaged as "the Tenants' Fees Bill". Despite the Conservatives not controlling a commanding majority in the House of Commons it is a change which appears highly likely to progress into law as there is no evidence from any of the parties manifestos that this position will be opposed by them.
The Queen's Speech was dominated by Brexit, with transport related policies forming only a brief element of the plans set out by the Government. That being said, a key piece of legislation for the High Speed Rail project is set to start it's next phase of progress through legislation with the introduction of the High Speed Phase 2A Bill. This will see the extension of High Speed Rail from the West Midlands to Crewe and follows the granting of Royal Assent to the HS2 Phase 1 Bill earlier this year. The preferred route for Phase 2A has been confirmed by the Government and it is clear that progress is being made on the project.
Based on our own insights on the importance of collaborative innovation to corporate strategy and innovation, Bond Dickinson commissioned consultancy Cebr (the Centre for Economics and Business Research) to conduct the economic research outlined in this report. This study was conducted in April 2017 using four years of comprehensive quantitative information sourced from global private company information provider Bureau Van Dijk.
The Housing White Paper in February this year signalled the Government's support for institutional investment into housing purpose built for market rent ("Build To Rent"). At the same time as launching the white paper the Government also launched its consultation into Build To Rent. The consultation period has closed as of 1 May and we, along with many others in the Build To Rent sector, have submitted a response.