Perhaps unsurprisingly, the free market Centre for Policy Studies think tank says the proposals put forward by Labour’s London Mayor candidate Sadiq Khan risks “suppressing the number of new homes built.”
The think tank - co-founded by Margaret Thatcher, Sir Keith Joseph and right wing economist Alfred Sherman - says Khan’s proposal to introduce a 50 per cent affordable housing target and his pledge to campaign for rent caps will be “particularly damaging”.
It says the expansion of London’s Transport network is vital in unlocking more housing development - the two are connected in the eyes of some planners - may be put at risk by Khan’s proposed fare freeze which, the think tank claims, will cost £1.9 billion.
The CPS urges building on at least some of the 22 per cent of land within London’s boundaries which, it says, is officially designated as Green Belt.
“A number of studies have highlighted the need to consider some parts of London’s green belt for development. Around 60 per cent of London’s green belt is within two kilometres of an existing rail or tube station, providing some ideal spaces for housing development” says the report.