Housing pressure impacting London business, chambers says

3rd November 2017

The government is being urged to consider major changes to its housing policy. The London Chamber of Commerce and Industry has backed a call to allow councils in the capital to borrow money to build more homes. Some 50,000 extra homes are needed in London per year over the next decade, according to LCCI forecasts, and undersupply of housing is having a major effect on London businesses, as “lack of affordable homes within commutable distances is generating pressure.” The LCCI also called for business rates to be frozen, reviewed and, in London's case, decoupled from the national rating system.

City AM (30/10/2017)  Evening Standard (30/10/2017)