Mayor of London praises businesses’ action on the housing crisisApril 7, 2017
Last night the Mayor of London, Sadiq Khan, praised London First’s proactive role in alleviating the impact of the housing crisis on employees across the capital through the Fifty Thousand Homes employer housing pledges.
At an event at City Hall hosted by Cosmopolitan Magazine, the Mayor highlighted how the high cost of housing has led to a ‘brain drain’ of talented professionals: last year, for the first time ever, more 31 – 39 year olds chose to leave London than moved to the capital. Taking questions from the audience, the Mayor and Deputy Mayor for Housing, James Murray, emphasised the importance of business taking action to keep talent in London, while lobbying the government for action on the housing crisis and the devolution of more powers to London government.
The Mayor also pointed to London’s need for a flexible immigration after Brexit due to its reliance on foreign workers, particularly the construction sector, where half of the 300,000 strong workforce are from the EU.
Earlier this year, the Mayor endorsed the launch of the Fifty Thousand Homes employer housing pledges, which now cover more than 100,000 people in London.