The creation of a 21st Century ‘Domesday Book’ of publicly owned sites that should be sold off for homes is among the key recommendations of a new report into solving London’s housing crisis. The report, Home Truths, also calls for the creation of new communities in the south west and north east of London to meet burgeoning demand
A new £12 billion underground rail line to ease chronic overcrowding on London and the South East’s trains could be built with less than half the cost coming from central government, meeting a key Treasury demand. Crossrail 2, the proposed new south-west to north-east rail line beneath the capital, would add 12% to London’s rail transport capacity and should open by 2030, the report found.
The report,‘Funding Crossrail 2’, was produced by a taskforce formed by business group London First, to look at how a new £12 billion underground rail line could be built with less than half the cost coming from central government, a key Treasury demand.
Ahead of the Chancellor’s December 2013 Autumn Statement, London First has published a short paper that considers a number of aspects of the UK tax regime specifically in terms of their impact on the London economy.
London First and Deloitte conducted 150 interviews with CEOs or senior partners at firms across London in a survey on topical issues for businesses in London.
A noise pollution tsar should be appointed to protect people living under flight paths under new plans from London First. An independent noise ombudsman, with a range of powers including the ability to fine an airline that persistently broke noise pollution limits, would address a “basic lack of trust and transparency” between those pressing the economic case for airport expansion and local communities.
Questions have been raised about the number of newly built London homes that are sold to overseas purchasers when London has a housing shortage. This briefing note seeks to put the concerns over the number of overseas purchases in context. It provides some background as to why London’s housing market attracts inward investment and how this investment helps to increase overall housing supply for Londoners.
This briefing note sets out ten infrastructure priorities for the capital, and calls for action from the Government and Mayor to overcome remaining planning and funding obstacles to delivery.
A new report from London First, Deloitte, EMC and Intel reveals that the London technology, media and telecoms (TMT) sector generates an overall economic contribution of £125bn a year to London and the rest of the UK. This accounts for 8% of UK GDP.
Reflecting on 2012/13, the report outlines successes including the Government’s freeze on the migration cap, the formation of the independent Airports Commission and the publication of our Crossrail 2 Task Force’s findings. The document also looks forward to our priorities for the coming year, and beyond, explaining our objectives from 2013 through to 2020.