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Evening Standard
Evening Standard
National
Ross Lydall

Housebuilding in London 'as bad as during 2008 global banking crisis', says Sadiq Khan

Sadiq Khan London City Hall London Assembly
Sadiq Khan with Angela Rayner and Sir Keir Starmer during the general election campaign - (James Manning/PA Wire)

London is caught in the “toughest environment for housebuilding” since the 2008 global banking crash, according to Sadiq Khan.

The mayor, in a speech to the annual London Conference, said high interest rates, a rise in construction materials and the lasting impact of Brexit had left “housebuilding on its knees”.

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