🌟 Exciting News for Wales! 🌟
A brand-new tax could be on its way, not aimed at filling the coffers, but at fast-tracking house building! 🏠💼
The Welsh Government is making moves to introduce a “vacant land tax”. This would apply to land marked for development that’s just sitting idle. 🏞️ The idea? Get those plots buzzing with construction action sooner rather than later!
Mark Drakeford, Finance Minister, shares his thrill at reaching an agreement with HM Treasury for a joint consultation on this potential game-changer. The goal is clear: change behaviours and accelerate the construction of new homes. 🏗️✊
Welsh Secretary Jo Stevens adds, “We want to spur house-building and boost economic growth. Too much land is laying dormant. Let’s make use of it!” 🌱📈 She highlights this as the first-ever devolution of new tax powers to Wales—a significant stride in strengthening our local governance!
Here’s to a brighter, buzzing, and more built-up Wales! 🏡💪
#Wales #Housing #Development #VacantLandTax #WelshGovernment #MarkDrakeford