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Mayor slams 'most anti-London Budget' in a generation

London Mayor Sadiq Khan

London mayor Sadiq Khan has hit out at chancellor Phillip Hammond for delivering the ‘most anti-London Budget’ in a generation 

Khan described the chancellor’s housing measures, which included £15.3 billion extra capital funding for 300,000 new homes across the country,  as an ‘astonishing failure’ for London. 

‘Today’s measures will not even paper over the cracks,’ Khan said. ’The chancellor did not announce a penny of extra grant for affordable housing in London – even though we know the current spending is less than a fifth of what we need.

‘Everyone knows we need councils to be able to build more, but there was no commitment that any councils in London will be given the powers to do so. This government is all talk and no action on housing.’

Hammond’s proposals also included a further £2.7 billion for the housing infrastructure fund, a £1.1 billion fund to unlock ‘strategic sites’, including new settlements and urban regeneration schemes; a £400 million boost for estate regeneration; and a £630 million ‘small sites’ fund to ‘unstick the delivery of 40,000 homes’. 

In addition, the chancellor said he would scrap stamp duty for first-time buyers on homes up to £300,000, and for the first £300,000 of properties up to £500,000.

The mayor further criticised Hammond for his ’totally inadequate’ air pollution plans and for not addressing counter-terrorism in London. 

‘This is the most anti-London Budget in a generation, from a government that has shown contempt for Londoners,’ he added. ‘Hammering London in this way will not encourage growth elsewhere in the UK.’

The mayor did, however, welcome the chancellor’s support for Crossrail 2, but he pointed out that there was no guarantee London would receive a share of the £1.7 billion announced in the budget for new infrastructure.


Readers' comments (4)

  • John Kellett

    And what would be wrong in an 'anti London' budget? Most British people do not live or work in London and have been at the blunt end of anti-regional budgets for decades :-)

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  • He says this as if putting more money into other areas of the country is a bad thing? Plenty other areas in the country have people who also require housing.

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  • It's difficult to sympathise with Sadiq Khan when his city has been generating so much wealth for so many people and organisations through the value added to their property - creating the common perception that there should be no need for treating the place as in need of subsidy when other parts of the country appear so much more deserving, and that London should be perfectly capable of financing its own salvation.
    This of course ignores the sheer iniquity of central government's historic blindness to the need to prevent the speculative abuse of the housing market.
    But the knock-on effect of the inflation of London property values in pricing local people out of their own homes in far-flung parts of the country as well as in London, and of the clear skewing of national funding of public transport in London's favour, puts Sadiq Khan in a very difficult position that does warrant sympathy - and central government action to rein-in both property speculation and the artful tax dodging that seems often to accompany it.

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  • How long before Londoners start demanding an independent city-state status for London?

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