absentee landlords

I’ve worked in a number of local authorities where town centre’s are blighted by the scourge of absentee landlords. On the basis of which I think this is a jolly fine policy idea!

Labour will allow councils to seize abandoned shops to give them a new lease of life as cooperatives or community centres, a policy designed to revive struggling high streets.

Jeremy Corbyn is expected to announce the shake-up on a visit to a high street in Bolton on Saturday, calling the sight of boarded-up shops a “symptom of economic decay” which is lowering living standards.

Under the Labour proposals, local authorities could offer properties which had been vacant for 12 months to startups, cooperative businesses and community projects.

The policy was prompted by a study by the Local Data Company which found more than 10% of town centre shops were empty. About 29,000 retail units are estimated to have been left empty for at least a year, according to the study, which found that the high-street vacancy rate rose last year to 11.5% and that 4.8% of vacant space on high streets had been vacant for more than two years. In shopping centres, that number rose to 5.8%.