Published: 12th Mar 2019

The government needs to help build 15 new ‘millennial’ towns in commuting distance of London to help young people priced out of the capital’s property market, according to a leading think tank. In a new report, the Policy Exchange claims a cluster of new towns on the edge of the capital could provide much-needed affordable homes for millennials working in London. The think tank urges the government to create a new Whitehall ministry – the Department for Growth – which could work with the mayor of London and developers to build the new towns. In addition, it adds the department could also have responsibility for the Cambridge/Milton Keynes/Oxford corridor, the Northern Powerhouse and the Midlands Engine The report says that each new town built should meet public demands for more beautiful housing development, increase people’s access to green space and provide millennials with discounted home ownership. It also recommends setting … (To read the full article, subscribe below)