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Housing Bill will "devastate the capital’s housing market" - Tom Copley AM

Commenting on the Government’s new Housing and Planning Bill published today, Labour’s London Assembly Housing Spokesperson Tom Copley AM said:

“These proposals will devastate the capital’s housing market and do nothing but fuel already rocketing house prices by forcing councils to sell off between 3,000 and 4,500 council homes a year.

"The Housing Bill will be another nail in the coffin of genuinely affordable housing. It's as if the Government believes we have too many affordable homes in London.

“The money raised through selling London's council housing will be used to build new Starter Homes in parts of the country where there is no housing crisis. We will have the perverse situation where affordable housing will be sold in London - where we have an unprecedented shortage - to fund the building of new homes in parts of the country where there is no shortage. This is little more than London being used as a cash cow by a Government that clearly has no interest in solving London's housing shortage.

"The Mayor's failure to persuade the government that money raised from sales in London should stay in London is clear. He must now vote against this Bill in Parliament - failure to do so would be an utter betrayal of London and Londoners."

ENDS

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