By Gavin Mackintosh-
UK prime minister, Theresa May visited her old primary school in East London yesterday.
May’s unannounced visit to St.Edwards Catholic primary school excited the pupils who are proud to be attending a school that produced a prime minister. The East London school is guided by motivated leaders with a strategic approach to academic development.
St. Edwards Catholic primary school is forward thinking and adopts a strict policy of academic and moral discipline is in the top 3% of schools in England when it comes to mathematics and English. The prime minister would have been proud of the strong system of academic development that has nurtured the pupils of her former school very well.
Mrs May had been in East London visiting the Upton Gardens site on Monday May had pledged to do all she could to address delays in house-building in order to get “the right homes in the right places”.
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She said developers should “do their duty for Britain” by building homes, and councils should consider whether developers are creating homes, or just sitting on valuable land while they decide on planning permission.
She said:
“The bonuses paid to the heads of some of our biggest developers are based not on the number of homes they build but on their profits or share price.
“In a market where lower supply equals higher prices, that creates a perverse incentive, one that does not encourage them to build the homes we need.”
The Upton Park site was the first to be enrolled in Newham Council’s latest housing scheme, which sees properties sold at 40, 60 or 80 per cent of market rental, depending on tenant’s income. The scheme is the third set up by the council to tackle the borough’s housing crisis.
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Local Space, a social landlord company, was set up in 2006, and Red Door Ventures offers some homes at market rent to subsidise others at affordable rent.
She said: “The bonuses paid to the heads of some of our biggest developers are based not on the number of homes they build but on their profits or share price.
“In a market where lower supply equals higher prices, that creates a perverse incentive, one that does not encourage them to build the homes we need.”
The Upton Park site was the first to be enrolled in Newham Council’s latest housing scheme, which sees properties sold at 40, 60 or 80 per cent of market rental, depending on tenant’s income. The scheme is the third set up by the council to tackle the borough’s housing crisis.
Local Space, a social landlord company, was set up in 2006, and Red Door Ventures offers some homes at market rent to subsidise others at affordable rent.
She said developers should “do their duty for Britain” by building homes, and councils should consider whether developers are creating homes, or just sitting on valuable land while they decide on planning permission.
She said:
“The bonuses paid to the heads of some of our biggest developers are based not on the number of homes they build but on their profits or share price.
“In a market where lower supply equals higher prices, that creates a perverse incentive, one that does not encourage them to build the homes we need.”
The Upton Park site was the first to be enrolled in Newham Council’s housing scheme which has seen properties sold at 40, 60 or 80 per cent of market rental, depending on tenant’s income. The scheme is the third set up by the council to tackle the borough’s housing crisis.
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