Labour would overhaul how land is valued under the compulsory purchase order process as part of efforts to tackle housing shortages.Under such orders, local authorities can effectively force property owners to sell to make way for major projects or housing developments.The Financial Times reports that shadow levelling up secretary Lisa Nandy would bring forward legislation to allow councils to purchase land at a price that does not reflect the hope value the value accrued through the expectation of planning permission in the future.
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