Mayor demands "tools to solve crisis"

Mayor wants all stamp duty receipts to go to City Hall

Boris Johnson is asking the government to let London keep all stamp duty raised on its property sales - estimated at around £1.3 billion a year. He wants the money to be able to build a million homes by the mid 2030s.

The Mayor claims that this arrangement would give the capital a stable income to create a 25 year plan that would solve the capital's housing needs, create hundreds of thousands of long-term jobs and give a massive boost to the economy.

"Give London the tools and we will solve its impending housing crisis", said Boris.

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Boris to outline housing plans

Mayor Boris Johnson is to set out his ideas for tackling London's housing crisis