Commenting on the Chancellor’s promise of 400,000 new affordable homes, Labour’s London Assembly Housing Spokesperson, Tom Copley AM, said:
"Efforts to promote home ownership must be additional to, not instead of, support for genuinely affordable homes for rent. The Chancellor has totally ignored the challenges we face London, where his Starter Homes will cost up to £450,000. Housing at that price cannot be said to be affordable by any reasonable person. These are homes for the richest few with a discount paid for by the taxes of Londoners who could never dream of being able to afford one. It's a brilliant deal for the already wealthy but will do nothing to help Londoners on low and middle incomes access secure, affordable housing whether rented or owned."