Well-off families in the London borough of Kensington and Chelsea are seeking to bar super rich outsiders so that their children can get on the property ladder. The development plan by the council mirrors similar schemes in the Yorkshire Dales and Devon. The council is alarmed that families who have lived in the area for generations are being priced out of the market by Russian tycoons, pop stars and footballers. Sympathy will no doubt be pouring in for the trust fund children who are having to move to the gritty, urban jungles of Battersea, Fulham and Clapham instead. Daniel Moylan, deputy leader and cabinet member for planning policy at Kensington and Chelsea, said: “Over the next ten years the population in London will grow by several hundred thousand. We have to build homes for them, and Kensington and Chelsea wants to play its part. But it does not help if flats go to foreign investors buying pieds-a-terre for their wives to go on shopping trips to Knightsbridge.” The Times