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Headline

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

Comment

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.

Posted date

23 November, 2017

Posted time

1:20 pm

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