Mayor Sadiq Khan emphasized that improving housing affordability can significantly enhance London’s economic productivity, potentially yielding a £7.3 billion boost over a decade.
Khan highlighted that the decline in housing affordability is detrimental to London’s productivity and is affecting intergenerational equality, shattering the principle of meritocracy.
He argued that more affordable housing would help businesses attract talent, reduce homelessness, and foster economic growth by creating jobs and enhancing investment.
Khan criticized the government's housing targets, stating that doubling the number of homes built is crucial as current levels fall short of London's actual needs.
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