Vague memories of something called the "community land scheme"(CLA) (c 1976) came to mind when I read of misgivings about the policy proposal for land auctions by local authorities.
Briefly, the land auctions scheme is that owners of property with development potential will "offer" their land to the local authority at a sealed-bid price. If the council decides to "buy" the land at that price, it will then obtain planning permission. Subsequently the local authority will sell the land at auction to the private sector for development, ie in the expectation of a price higher than the bid price.
The proposal is (very very loosely) akin to what I imagine might have happened after the "second appointed day" (SAD) of the CLA - that day did not arrive! [If memory serves correctly, aftre SAD the land was bought by the LAs at "current use value" not at a sealed bid price.}Will the same fate await land auctions via local authorities?
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