Planning experts slate new levy to fund Crossrail 2

Crossrail train

Planning experts have attacked the second mayoral community infrastructure levy (MCIL2) for putting an extra burden on developers at a time of economic and political uncertainty.

MCIL2, which came into force this week, will be higher than the first mayoral community infrastructure levy (MCIL1), with the tax on developments in bands 1, 2 and 3 increasing from £50, £35 and £20 per sq m to £80, £60 and £25 per sq m respectively.

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