Trophy architects charge whopping fees, and their complicated designs increase building costs by 15%. But they on average ensure that the planning system will graciously grant you an extra 14 floors on any given plot of land you own in London.
This is a huge economic cost - that trophy architects boost the value of the average site in London by 152% reflects the colossal damage caused to the UK economy by the rationing of development by the planning system and the uncertainty baked into its institutional design.
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