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 from SNAP.PA

Should you be rushing out to upgrade to the latest iPhone?

Read more

Take them out of the box and the first thing you’ll notice is that size matters.

Read more

How did that huge white dog end up in the show? Let us tell you!

Read more

TOP Stories

Mr Desoura died at the scene in Ryefield Avenue in Uxbridge depite the work of paramedics (Picture: Google Streetview)

A man who died in Uxbridge last week was trying to break up a fight outside of a shop near his house, a neighbour has said.

Yesterday, 15:51
The crazy fundraiser took in some of London's most iconic landmarks [Photograph by  Dominic Lipinski/PA Wire]

London went ape on Saturday September 20 as over 600 people wearing gorilla costumes took to the streets to raise money for the endangered animals.

Saturday, September 20, 2014
People have been out in force tying yellow ribbons to lamp posts to urge people to keep looking for Alice Gross (Picture by Carlene Bender)

The Metropolitan Police Service have said the hunt for missing schoolgirl Alice Gross is the biggest search they have mounted since the 7/7 terror attacks.

Promotions

Imagine having your own idyllic house in the French countryside - and make it happen! [Photograph by Mike Simler]

Ever dreamed of living in a rural cottage in France with ivy round the door, chickens in your garden, and fresh croissants for breakfast from the local patisserie a short walk away in the nearby village?

Advanced running and training technology for beginners up to elite athletes

If you’re thinking of adding running treadmill to your fitness routine, you’re on the right track! There are several advantages to running on a treadmill versus running outdoors.

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.

London Bloggers

Wednesday, September 17, 2014
The cast, including Josie Lawrence and Mike Myers

Simon Collins catches up with the improv impresarios, who despite being the world’s longest-running comedy show with the same cast, have lost none of the razor-sharp wit:

Monday, September 1, 2014
Do you really need an explanation for that?! (Pic by Serena Marinelli)

If you’ve ever seen an Italian movie, you would probably know how important body language is in the culture.

Tuesday, August 26, 2014
Don't waste any of your harvest

If you are now inundated with ripe tomatoes, juicy green beans, berries and herbs, don’t leave them to go stringy or mouldy because the freezer can go a long way to making your crops last well into winter.

Quizzes

(Photo by Ben Horton/Getty Images for Madame Tussauds Hollywood)

If there’s one thing that can change Londoners from nice, normal people into superhumans capable of extreme levels of rage and passive aggression, it’s the descent below-ground.

Read more
Do you fancy yourself as a football ground know-it-all? Try our devilishly difficult quiz!

How well do you know your football stadiums? This brand new quiz from London24 will seperate the men from the boys...

Read more
Do you know your Thames truths from the porkie pies? (Photo by Mike Hewitt/Getty Images)

So, you live (or work) in London, and you think you know the river well.

Read more