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MP calls for 20,000 new homes in London
LEYTON and Wanstead MP John Cryer has called for 20,000 homes to be built in London.
The Labour member echoed calls by his party's shadow chancellor Ed Balls for the government to use the £3billion it is predicted to raise from the up-coming auction of the 4G mobile phone spectrum to fund new affordable housing in places like Waltham Forest.
He also wants a stamp-duty holiday for first time buyers for the next two years for properties worth up to £250,000.
He said: “With our economy flatling over the last year and unemployment in Redbridge and Waltham Forest is too high, we need urgent action to kick-start the economy and create desperately needed new jobs.”
The government is currently considering how to handle the sale of the 4G network.
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