The Mayor has been forced to row back on his 50 per cent affordable homes target after realising what I have warned for some time – that it is totally unfeasible to ask developers to effectively give away half of their new homes.
By continuing to insist on a 35 per cent target, the Mayor is doing nothing to incentivise developers to get building in London.
A one-size-fits-all affordable housing target risks stifling new housing development in the capital. We need a more business-minded approach that nurtures the housing market and ensures a better future for Londoners.
- RT @ShaunBaileyUK: Spot on, @GarethBaconAM. Every decision Sadiq Khan makes points to him quitting after 4 years of creating huge problems…
- RT @ThomasFTurrell: Interesting piece by @GarethBaconAM on possible motives behind Sadiq Khan's short-term approach https://t.co/YqadfC6Vr…
- RT @CityAM: Spending sprees and strikes prove Sadiq Khan plans to be a one-term mayor https://t.co/PWxWtwKgjP https://t.co/UVlsVjN2tC