Boost for Housing welcomed as part of long term economic plan for London

Local MP Mary Macleod has welcomed the Conservatives’ long-term economic plan for London, which shows what has been delivered, what is underway and what more can be done to make the city prosperous in the long-term.

The plan aims to:

  • Secure London’s strong economic future by setting the ambition to outpace the growth of New York, adding £6.4bn to the London economy by 2030. This is equivalent to £600 more per person if London’s productivity grows at the same pace projected for New York.
  • Create over half a million extra jobs in London by 2020 by backing businesses, attracting world wide investment and continuing to raise standards in schools.
  • Solve London’s acute housing problem, the number one challenge facing the city, by building over 400,000 new homes – including through a London Land Commission to identify and support development of brownfield and public sector land.
  • Deliver £10 billion of new investment in London’s transport over the next Parliament including new tube improvements, better roads, more buses and cycle lanes and identifying the next big infrastructure investment after Crossrail.
  • Make London a centre of the world’s creative and commercial life, with new investment in science, finance, technology and culture. This will include a new feasibility study to develop a world class concert hall for London which will be led by the Barbican Centre.
  • Give more power to Londoners to control their city’s future, with new powers for the Mayor of London to support economic growth, boost skills in the capital and have more control over planning powers.

Mary said:

“Our long term economic plan for London is a roadmap for prosperity. By creating half a million jobs by 2020 and by building over 400,000 homes, we will ensure London will be a thriving city for decades to come.

“I was particularly happy to see a boost for housing in Hounslow. Housing is one of the biggest issues for all Londoners, so a share of 30,000 new homes as part of a new Housing Zone in Hounslow is very welcome. Coupled with more investment in transport - better roads, buses, trains and cycle lanes – our plan will deliver what London needs to continue to be the best city in the world.”