Mayor to call for changes to help London build new homes

09:18 06 February 2013

Mayor of London, Boris Johnson, is proposing a series of key measures to help the creation of new homes in the capital. File picture: Dominic Lipinski/PA Wire

Mayor of London, Boris Johnson, is proposing a series of key measures to help the creation of new homes in the capital. File picture: Dominic Lipinski/PA Wire

PA Wire/Press Association Images

London should be able to keep all stamp duty receipts of sales of homes in order to build the million homes the capital will need by the mid 2030s, the Mayor will say today.

In a keynote speech to the Chartered Institute of Housing, London Mayor Boris Johnson will say that the capital cannot rely solely on a “planning-led” system.

He will call on the coalition government to implement a series of key measures to help reverse the city’s housing shotage.

Among them is the idea that London should be allowed to retain its stamp duty revenue, which is estimated to be worth £1.3billion a year, according to the Mayor’s office. Mr Johnson says that with majority of Londoners paying at least three per cent stamp duty and new levies on homes costing over £2million focused largely on central London, it is increasingly becoming a London tax.

Other measures include giving London boroughs more freedom to build homes, giving housing associations long term certainty to build affordable and market homes, and transferring surplus government land to City Hall to maximise development opportunities.

Mr Johnson, said: “Since I was elected London’s population has grown by 600,000 and is forecast to rise by a further million at least over the next 25 years. If we do not come up with a new plan to build the homes we need, this great city will suffer and the whole country will feel the consequences.

“What is needed now is a radically different approach which optimises City Hall’s role, unlocks the potential of the capital’s boroughs, allows developers including housing associations to up their game and creates a stable supply of land for housing. Above all, London needs a stable funding stream which will support and accelerate its housing and infrastructure delivery.

“Even in the toughest of economic times London has shown that with fresh thinking it can deliver, with record affordable house building figures in my first Mayoral term. So I am calling on the coalition to give us the tools and we will solve the crisis, supporting and creating hundreds of thousands of jobs and boosting economic growth across the UK along the way.”

Latest Stories

Yesterday, 12:17
Kim Kalkowski, owner of Cakes 'n' Treats in Camden Town, says she has been unfairly targeted by anti-fascist groups

The owner of a vegan cake shop fears for her business after anti-fascist activists launched a “mistaken” campaign to stop people visiting her store.

Read more
Yesterday, 15:39
Dr Dhanuson Dharmasena (front) leaves Westminster Magistrates Court earlier this year.

A Whittington doctor facing the UK’s first prosecution linked to alleged female genital mutilation has denied any wrongdoing.

Read more
Yesterday, 14:39
The vehicle on fire in Prince of Wales Road.

A bus carrying pensioners was left stranded and full of smoke after a camper van in Kentish Town caught fire.

Read more

TOP Stories

Yesterday, 12:17
Kim Kalkowski, owner of Cakes 'n' Treats in Camden Town, says she has been unfairly targeted by anti-fascist groups

The owner of a vegan cake shop fears for her business after anti-fascist activists launched a “mistaken” campaign to stop people visiting her store.

Yesterday, 15:39
Dr Dhanuson Dharmasena (front) leaves Westminster Magistrates Court earlier this year.

A Whittington doctor facing the UK’s first prosecution linked to alleged female genital mutilation has denied any wrongdoing.

Yesterday, 14:39
The vehicle on fire in Prince of Wales Road.

A bus carrying pensioners was left stranded and full of smoke after a camper van in Kentish Town caught fire.

Promotions

Renault-Zoe

The Renault ZOE follows on from the introduction of the electric Fluence ZE and Twizy, but unlike the former, the Zoe was designed from the ground up as an electric vehicle.

When no simple way to find Real Ale was at hand, 4 Ale enthusiasts got together to allow anyone with a smart phone to find Real Ale no matter where they happened to be, this was the birth of the Perfect Pint app.

London24 have partnered up with The Week magazine to offer you a complimentary issue – delivered free to your door.

London Bloggers

Thursday, July 24, 2014
London comedians are preparing for Edinburgh (Photo by Jeff J Mitchell/Getty Images)

During these sultry July afternoons and endless balmy evenings the nervous musings of young comedians in London drift to dreams of triumph on the Edinburgh stage.

Thursday, July 24, 2014
Punchdrunk's The Drowned Man poduction came to an end on Sunday, July 6

If you’ve been wandering around bereft of purpose, a wet-eyed stare fixed on your blank face, then no doubt you too are as gutted as I am that The Drowned Man has finally come to an end.

Thursday, July 24, 2014
(Photo by Joern Pollex/Getty Images)

We’ve been called P.I.G.S.

Quizzes

But which London?! [Photo courtesy of Basher Eyre]

Yoou might know London like the back of your hand, but how well do you know the other Londons - and London landmarks - across the world?

Read more
The prize is glory (Photo by Dan Kitwood/Getty Images)

It used to be Manhattan that was famous for its majestic skyline, but now our fair city is catching up. Do you know your Shard from your Heron Tower?

Read more
Test your London musical knowledge with our album quiz (Images via Getty)

Does your music knowledge stretch from The Rolling Stones to Rudimental, Spandau Ballet to Siouxsie and the Banshees? If so then test it out with our London bands quiz:

Read more