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

Wednesday, May 27, 2015
The capital saw a protest two weeks ago after the Tories were elected (Photo by Rob Stothard/Getty Images)

As the Queen’s Speech marks the official formation of the Conservative government, anti-austerity protesters are planning to hold a demonstration in Trafalgar Square at 5pm this evening.

Monday, May 25, 2015
As TfL are taking over the London Liverpool Street to Shenfield line, it will now appear on the Tube map.

Train services from Shenfield to London Liverpool Street will be run by TfL from May 31.

Monday, May 18, 2015
Your future Mayor? [Image from YouTube]

Conservative candidate for Mayor of London, Ivan Massow, has transformed himself into a cartoon character in order to get the top job.

Sunday, May 10, 2015
Protestors are surrounded by police (Photo by Rob Stothard/Getty Images)

All but one of 15 people arrested during a spontaneous anti-austerity protest against the new Tory government have been bailed, police said today.

Friday, May 8, 2015
Voters in Hampstead voted for Ronnie Carroll, who is dead (PA)

A total of 113 people voted for a parliamentary candidate who died four weeks before the election.

Friday, May 8, 2015
Ed Balls has lost his seat (Photo by Ian Forsyth/Getty Images)

Ed Balls became the highest-profile casualty of a disastrous General Election performance for Labour, losing his seat to the Conservatives in a shock result. Twitter reacted to his demise...

What is this?

Near You Now

Don't Miss...

Competitions

Time to expand with the LeefiBRIDGE.

More iOS memory in a flash: Introducing Leef iBRIDGE.

Read more
The sell out 2014 event 32 Londoners, returns to the Coca-Cola London Eye!

The Coca-Cola London Eye is proud to announce that 32 Londoners will be returning this June, following last year’s sell out event. The event will feature 32 talks, in each of the London Eye’s 32 capsules on 32 extraordinary Londoners.

Read more
You could take in stunning views of London over brunch at the Sky Garden

Celebrate lighter, brighter days with the chance of winning an indulgent brunch for two with a bottle of bubbles at Darwin, the cool and casual brasserie 36 floors up at Sky Garden.

Read more