AN INDEPENDENT REVIEW
GIVEN THE SERIOUS CONSEQUENCES FOR EVERY HOUSE BUILDER THIS INDEPENDENT REVIEW IS AN ESSENTIAL READ FOR ANY HOUSEBUILDING BUSINESS.
As Ofwat’s charging reforms progress, they appear, more than ever, to be emerging as a proxy, largely unchallenged by the developer community, to significantly increase Developer costs. Similarly, the seizing of an unprecedented opportunity created by virtue of the Water Act 2014 to not only subsidise existing customers but to protect or enhance the commercial position of the sector against growing Developer customer demand for increased competition. Do the reforms, therefore, constitute an unprecedented regulatory failure within a key part of the Utility Sector, or are we looking at:
“…. one of those cases in which the imagination is baffled by the facts”.
(Wealth of Nations – Adam Smith 1723 – 1790)
This Report will cite and explain several reasons why these ill-considered reforms have serious cost repercussions for all
House Builders. In addition, it will expose why the reforms continue to be counterintuitive when it comes to Government policy relating to the provision of much-needed new housing.
From a position where Company charges were meant to be the same today as they were before the onset of reform in April 2018, what House Builders and Developers are currently having to pay falls a long way short of original expectations.
The big question is why House Builders and Developers are not seeing this and why are they not voicing their concerns?
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