Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Wolfson attacks planners for holding back economy

Next chief executive Lord Wolfson of Aspley Guise has attacked planners for holding back economic growth.

Wolfson urged legislators to “release the breaks on growth”, such as planning rules, in the prosperous south of England while stimulating growth in deprived areas such as the North by the creation of enterprise zones.

“At the top of the list of anti-economic institutions must come our glacial planning system, its rules and some of our planners” Wolfson wrote in a column for The Times.

“Far too many see their job as preserving that which exists rather than the creation of new wealth and jobs.

“The problem is that the Luddite voices of those who object to growth are loud while the jobs, homes and businesses of the future have no voice, no campaign group and no votes.

“I had an extraordinary meeting with the officials of a local council on the South Coast. I came with a proposal for at least 150 new jobs, investment of £4m and a vastly improved retail offer for local people.

“Their economic development officer breezily explained that the creation of new jobs was not really a concern for him, unless they were for high-paid workers.”

He said that raising interest rates would not curb inflation because much of it is driven driven by international factors such as the increased price of cotton.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.