House Building: London
Debate between Louie French and Jim Shannon(1 day, 7 hours ago)
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Jim Shannon (Strangford) (DUP)
I commend the hon. Gentleman for securing the debate; he is absolutely right to underline this issue. Older couples whose families have flown the nest want to downsize but cannot find an affordable house in a suitable area, and that problem is replicated throughout the United Kingdom. Does he agree that that is a critical factor in sorting out affordable housing provision in London or, indeed, anywhere?
Mr French
I absolutely agree, and I appreciate the hon. Gentleman making one of his well-respected interventions in this important debate. We have to make sure that across the country, we are building the homes that people want to live in and that people can afford, including people in older age.
Demanding that 35% of homes built privately are affordable has made house building in London unviable. The higher 50% target for industrial land also applies to public land, which, again, has effectively blocked development in the capital. This policy may seem like a good way to get London building more social housing, but it has hugely backfired. The policy is effectively a tax on house building. It makes some development unviable and deters investment. It ultimately means fewer homes and higher costs. If a developer cannot afford the target, they face six burdensome checks on the project’s viability before, during and after construction.