Sadiq Khan unlikely to meet his affordable housing targets for London

Housebuilders have seen their shares surge higher after the Chancellor’s move to slash stamp duty and announce major reforms of Briton’s planning system. Photo credit should read: Gareth Fuller/PA Wire (Picture: PA Archive)

City Hall has admitted it will be “challenging” for Sadiq Khan to deliver on his affordable homes targets, with 25,000 new starts required by March 2023 according to a new report.

The Mayor of London was given a £4.82 billion grant by the Government in 2016 to build 116,000 new affordable homes by 2021, though this was later extended to 2023 due to the impacts of the Covid-19 pandemic.