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

Friday, April 24, 2015
We have censored part of this image

Keith Fraser, the UKIP prospective parliamentary candidate for Hackney North and Stoke Newington has apologised after retweeting an Islamophobic cartoon which looks similar to Charlie Hebdo’s depictions of the Prophet yesterday morning.

Wednesday, April 22, 2015

Much loved poet and author Michael Rosen has been penning some sterling poetry on Twitter about Grant Shapps.

Thursday, April 16, 2015
David Dimbleby  Photo:  Jeff Overs/BBC/PA Wire

The five leaders not in government will debate each other on the BBC

Thursday, April 16, 2015
Struggling with who to vote for? Try one of these quizzes [Picture: Shuttleshock]

Completely undecided about who to vote for in the General Election 2015? You’re not alone - a whopping 33 per cent of British voters are unsure who to back. Fear not, we’ve compiled the best political quizzes to help you make your mind up.

Tuesday, April 14, 2015
This General Election race had less mud-slinging than most [Ben Birchall/PA Wire]

Everyone loves micropigs, and most people have a few butcher’s choice words to say about politicians. Now the two have been combined in a hammy election race.

Monday, April 13, 2015
Polish prince Janek Zylinski challenged Mr Farage to swordfight or

Nigel Farage could face his deadliest challenge yet, after a Polish prince challenged him to a duel in Hyde Park.

What is this?

Near You Now

Don't Miss...

We have censored part of this image

Keith Fraser, the UKIP prospective parliamentary candidate for Hackney North and Stoke Newington has apologised after retweeting an Islamophobic cartoon which looks similar to Charlie Hebdo’s depictions of the Prophet yesterday morning.