Debate Magazine

Philip Hammond v Philip Hammond

Posted on the 24 November 2017 by Markwadsworth @Mark_Wadsworth

From (rather surprisingly) The Telegraph:
A housebuilding business founded by Philip Hammond has been accused of sitting on an undeveloped plot of land which has been granted planning permission for four new homes.
Castlemead Limited, which was co-founded by the Chancellor in 1984, builds new homes and doctor’s surgeries. It has been reported that Castlemead Group, which is majority-owned by the company, was granted permission to build four homes in north Wales in June 2010 on the condition work on the site would begin within five years...
The revelation comes after Mr Hammond gave an interview with The Sunday Times this week, in which he hit out at house builders who are sitting on hundreds of thousands of undeveloped plots of land which have planning permission for new homes...
A spokeswoman for Mr Hammond said: “Any shares in Castlemead are held in a trust. The chancellor has no direct influence or involvement and so is unable to comment.”


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