Monday, Jan 05, 2015

...but housing situation is a bigger threat

FT: UK hostility to migrants threatens London, says report

A London First report says London faces growing threats from alternative financial and business centres. The UK's anti-immigrant stance is flagged up as one of the threats but bigger threats comes from the strain on infrastructure, broadband speeds, quality of life, cost of living, public transport and especially housing - 'housing crisis has a significant impact on businesses'. Each year 52,000 households are formed but only 20,000 housing units built. The report suggests more tax-and-spend powers for Boris, especially taxing increases in property prices that result from transport improvements.

Posted by icarus @ 08:00 PM (4836 views)
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1. icarus said...

http://www.cnplus.co.uk/regional/london/devolve-power-to-london-to-boost-infrastructure-says-report/8674600.article#.VKruimdybIU

..is an alternative if you can't access the FT report, but there's nothing there about the household formation and housing unit mismatch or the bit about taxing property price increases resulting from transport improvements (but it is a builders'/developers' site.

Monday, January 5, 2015 08:11PM Report Comment
 

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