Boris Johnson calls for government surplus land to be released
Thu 7th February 2013, 10:32 am
Mayor of London Boris Johnson has called on the government to transfer government owned surplus land to the Greater London Authority to help make room for a million new houses by the mid 2030s.
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."
To fund the construction of these homes, City Hall should be allowed to keep stamp duty on all property sales in the capital according to mr. Johnson, approximately £1.3bn per year.
Johnson would also like to see a new affordable housing settlement in 2015, where rents will reflect income of tenants.