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Alec, the South East Plan was developed well before the present recession. No commercial operation is going to build homes if they can't sell them and up and down the country developers are roofing and boarding up to await an upturn in the economy.
Have a look here, for example, at Barratt Developments plunging share price!
http://graphs.lse.co.uk/GetGraph.asp?gcode=BDEV&mode=ShareCharts&r=0.37179303385723295&p=10&ma=9&t=2&comp=
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