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A good day for housing

Nov 23 2016

After months of lobbying and speculation, today the Chancellor stood.

He recognised the scale of the housing challenge and, as the tea leaves predicted, he hailed a shift of emphasis. Away from home ownership towards housing supply; away from short term rhetoric and towards a long term plan; away from a free market approach and towards direct intervention.

We asked for greater flexibility and investment and Government listened. The Mayor of London asked for a funding settlement which reflected the scale of the crisis in the Capital, and he got it.

Now we must get on with the job of building the homes that Britain needs. And as each of us on the Homes for Londoners Board have pledged, we must set aside our parochial differences and work together to achieve a step change in housing supply.

It would be easy to say that more is needed. Of course it is. But this I hope is the beginning of a new era. An era where the crisis is bigger than politics; where all of us take responsibility for fixing it.

Today is a good day for housing. I hope we seize the day.

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