Evening folks. Yesterday you may have stumbled upon some of Labours latest wheezes from one of their possible candidates to be London Mayor. Their latest suggestions would simply increase the cost of living for asset rich but cash poor hard working Londoners. It isnt an old persons fault that the value of her home she has been living in throughout her life has now risen astronomically. Her income hasnt increased, just the value of the home has. Instead of hitting Londoners with more taxes - increasing council taxes and a tax on homes - a far better solution would be to devolve stamp duty land tax to London to fund the increase in housing supply we are planning for. Rent controls dont work - as evidence from abroad shows, they drive away investment and reduce the quantity and quality of housing stock. And where Labour councils in London have introduced a compulsory landlord accreditation scheme weve seen the cost passed on to hard working Londoners - up to £200. The voluntary London Rental Standard Ive introduced as Mayor is the best way to ensure renters get good quality service. Londoners will also remember the Labour Mayor Ken Livingstones similarly relaxed attitude to the greenbelt - thousands of gardens were classified as brownfield space and used for new build projects. I have introduced protection against garden grabbing, and pledged to keep the greenbelt. We have identified 32 Opportunity Areas on existing brownfield land where we can build the houses we need whilst protecting Londons green spaces, a vital part of our quality of life. Whilst Labour talk as though they led a golden era, let us look at the facts and the evidence will speak for itself. Enjoy the weekend.
Posted on: Fri, 05 Sep 2014 18:31:43 +0000
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