The logic here is the wrong way around - by stopping homes from being built in the most expensive cities, house prices in them rise. That's why average housing equity in Brighton rose by £89,000 from 2013-18, and £3,000 in Middlesbrough.
Furthermore, as the planning system forces housing costs in the most productive areas up and up, it suppresses local consumption after housing costs in places like Brighton.

Paradoxically, this destroys jobs in Northern economies by stunting the markets they can export to.
It is no coincidence that we have a uniquely dysfunctional planning system and some of the worst regional inequality of any market democracy.

The reality is the planning system does redistribute wealth - from the poor to the rich, and from the unfortunate to the lucky.
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