00:00The government and the Mayor of London announced that they had agreed to lower the quote for affordable housing in new developments across the capital, down from 35% to 20%.
00:13City Hall stated that the change had been introduced to accelerate planning decisions, encourage developers to bring forward projects and boost overall housing delivery.
00:22Officials said developers would be offered a fast-tracked planning process if they committed to making 20% of the homes in their proposal affordable.
00:33As part of the announcement, it was confirmed that the Mayor had been granted additional planning powers and new funding.
00:40Now, City Hall explained that it would now be able to intervene in planning applications involving more than 50 homes if those proposals had previously been rejected by borough councils.
00:54Now, housing prices in London are very high.
00:57So, what do Londoners think of the change from 35% down to 20% when it comes to the new affordable housing quota?
01:06Yeah, no, I think we have a real housing crisis in this country.
01:10There's only so many houses, you know, and you can only build them so fast.
01:14I think we have a population popular in this country.
01:19We have young people not being able to buy houses, not to start families.
01:24You know, people will worry about immigration and things, but we need immigration just to get taxpayers into this country because we can't produce our own and we won't be able to because of the way a housing market has gone.
01:37So, yeah, I understand that.
01:38But really, there needs to be a fundamental change in how we deal with housing to allow our young people to actually build their lives, you know?
01:51Yes, so housing in London is unaffordable and out of control.
01:55And dropping it to 20% is another unsurprisingly centrist move from the government and isn't going to help a lot of people.
02:06I don't think there are places outside of London.
02:08I grew up in Hemelhamstead.
02:09I'm not sure where they'd live there, too.
02:10You know, I just don't think, you know, the more we tie up the supply in rental accommodation and things, or the more we tie up supply from people, you know, only to whatever, you know, there isn't enough supply to meet demand.
02:28And building up the supply is huge.
02:31So there needs to be some fundamental and I'm not a big fan of really abrupt changes in anything.
02:38But I think this is one area where we need it now, an abrupt change in how we manage housing.
02:45I don't know quite the answer.
02:47I do think that is fundamentally required.
02:51How do we get our young people living like I did, you know, when I was younger?
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