Skip to content
Wednesday 2 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,756.45
-0.30%
DAX
25,839.33
-0.50%
CAC 40
8,280.63
-0.26%
STOXX 50
6,362.15
-0.11%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Wednesday 30 August 2023 5:00 am  |  Updated:  Wednesday 30 August 2023 8:09 am

Nutrient neutrality tweaks look a rare example of sound policy

By: Morning Wire Editorial

Add as a preferred source on Google
The continued slump in housebuilding left construction activity deeply in the red.
The continued slump in housebuilding contributed to another significant fall in construction activity in October, a closely watched survey suggests.

Nutrient neutrality. It’s fair to say they might not be the two sexiest words to have ever moved a stock market but yesterday they most certainly did, with housebuilders flying on the news the government was set to ease the paperwork surrounding new housing developments.

In short, current rules mean that in a full 62 local authorities, developers have to prove that any new housing project will be ‘nutrient neutral’ – effectively having no environmental footprint at all. Unsurprisingly, that’s a pretty high bar to meet. The way it has been interpreted has unsurprisingly been very much in favour of not putting bricks in the ground.


So, good idea or bad idea? Sensible reforms to the planning system or an unforgivable loosening of environmental restrictions at a time when thanks to our water network our rivers, seas and canals resemble a toddler’s potty training?


The answer appears to be the former: the sort of regulatory tweak which can free up housebuilders to build where they should be able to at much lower – and not prohibitive – cost, whilst keeping legally binding restrictions in place to tackle pollution at source.

Crucially, the costs, such as they are, will be balanced by a significant fund to cover any impacts down the way. Wonks reckon the move will free up development of more than 100,000 homes which have been considered too expensive to build thanks to an overly bureaucratic scheme. Those are homes that are badly needed.


It is perfectly reasonable to think that messing around with any environmental regulation at all at the moment is a step too far. But to oppose these changes is effectively to choose ‘degrowth,’ an academically trendy idea that has inexplicably gained traction in recent years.

Those of us in the reality-based community, meanwhile, will acknowledge that Britain’s pollution problems are the result of mismanagement and underinvestment – not new houses.

Read more

Ex-UK minister Robertson rubbishes Ukrainian claims he aided Russia’s Olympic return

Sir Hugh Robertson, British Olympic Association, wearing a poppy and name tag, at an event

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Business
  • Morning Wire Content

Trending Articles

  • Vodafone and Deliveroo look to patch up Reform ties after Yusuf prison threats

  • Trio of firms poised to quit London Stock Exchange as exodus gathers pace

  • Jaguar reveals the Type 01’s screen-free interior

  • Easyjet’s over-60s recruitment push is economically necessary

  • Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham

More from Morning Wire

  • Ex-UK minister Robertson rubbishes Ukrainian claims he aided Russia’s Olympic return

    Sport Business
    Sir Hugh Robertson, British Olympic Association, wearing a poppy and name tag, at an event
  • ReNew Reports 25.6% Reduction in Scope 1 & 2 Emissions and 24.7 Billion Units of Clean Power Generated in FY 2025-26

    Business Wire
  • Whey and weight-loss drugs to eat into Applied Nutrition profit

    Retail
    Woman lifting dumbbells with a trainer in a busy gym, promoting fitness and health
  • Manufacturers overcome gloomy economy as output surge continues

    Industrials
    Manufacturing sector faces mounting tribunal pressures amid economic uncertainty
  • A global tram renaissance is underway. Why isn’t London jumping on board?

    Opinion
    London tram 1925 with Last Tram Week sign in front of the Houses of Parliament and Big Ben, 1952.
  • 22 months of cuts: Jobs crisis deepens despite growth boost 

    Economics
    London has defied national trends as job postings in the capital rose.
  • Twomey’s Trean the bet in the Acomb

    Sport
    A man in a suit and patterned tie, with a horses ear visible, looks left against a green blurred background.
  • Housebuilder shares soar on Burnham council housing plans

    Property
    Construction worker on a new house roof, surrounded by scaffolding and building materials, illustrating housebuilding.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook