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.”

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest London politics news

Tuesday, July 28, 2015
Lord Sewel resigns from the House of Lords (Picture: PA Images)

Lord Sewel has quit the House of Lords after video footage emerged of him allegedly taking cocaine with two prostitutes in his London flat, even snorting a line off one woman’s breasts.

Friday, July 24, 2015
Commons Speaker John Bercow spent nearly £400 on a chauffeur-driven journey to speak about restoring reputation after the expenses scandal (Picture: PA Images)

Commons Speaker John Bercow took a chauffeur-driven car to a conference 0.7 miles from Parliament which cost the taxpayer a staggering £172.

Thursday, July 23, 2015
Fleet Primary School. Picture: Nigel Sutton

A counter-terrorism agency has intervened at a Hampstead primary school where a child was deemed at risk of being drawn into Islamic extremism.

Wednesday, July 15, 2015
New late-night club licences will be harder to get under Hackney Council's plans (Picture: Dalston Superstore)

Plans by Hackney Council to curtail late night licences in the popular clubbing spots of Shoreditch and Dalston will threaten the area’s “star power”, according to campaigners fighting the proposals.

Monday, June 29, 2015
Protesters at an earlier anti-austerity demo in Berlin in March (Photo: Adam Berry/Getty Images)

Owen Jones, Labour leadership contender Jeremy Corbyn and Green MP Caroline Lucas are all at a rally in Trafalgar Square to show solidarity with Greece this evening.

Wednesday, June 24, 2015
Police clashed with disabled protesters in the lobby of the House of Commons (Photo: Debbie Jolly/PA Wire)

Police have been accused of “heavy handed tactics” as they blocked disabled protesters, many in wheelchairs, from entering the House of Commons chamber during Prime Minister’s Questions today.

What is this?

Near You Now

Don't Miss...

Competitions

Get your hands on some fresh trainers!

Need some new shoes to head to work or some new heels for a night on the cobbles? London24 has teamed up with online retailer Sole Trader to offer £100 worth of shoes to one lucky reader.

Read more
Take in the stunning sites of London from the summit of the O2!

Up at The O2 has teamed up with London24 to give one lucky reader the chance to experience urban mountaineering this summer with an exhilarating 90-minute climb across the roof of one of London’s most iconic landmarks.

Read more
Terrific tea, creamy cakes and splendid sandwiches at Mews of Mayfair.

Celebrate a truly quintessentially British tradition with the chance of winning a luxurious Afternoon Tea for two people at Mews of Mayfair, complete with a glass of Veuve Clicquot champagne.

Read more