Photo: theguardian.com
London's Housing Crisis Deepens as Mayor Faces Backlash Over Construction Cuts
Londons housing crisis worsens as Mayor Sadiq Khan faces backlash over construction cuts, with new data revealing only 40,000 homes are currently being built, significantly below normal rates.
- A recent analysis by Molior revealed that only 40,000 homes are under construction in London, which is two-thirds of the expected building rate for the capital.
- Mayor Sadiq Khan is facing intense scrutiny from the Labour Party (UK) and residents over proposed construction cuts that threaten the availability of affordable housing.
- Steve Reed (politician) has criticized the mayors approach, arguing that the cuts to housing construction exacerbate the ongoing crisis in Londons housing market.
Why It Matters
The deepening housing crisis in London highlights significant challenges in addressing affordable housing shortages, impacting residents and the city’s economic stability. The response from Mayor Sadiq Khan and the Labour Party (UK) will shape future housing policy and community well-being.