In this revealing video, Jeremy Corbyn and Sadiq Khan refuse to comment on their approval of a plan announced by Tory Lord Kerslake, and put together by Savills Estate agents and a variety of private business interests (with ‘input’ from housing charities, mind you), to “Solve London’s housing problem” by building 350,000 new homes in the capital.
Sound good? Well, the devil is in the detail! You see all of the homes will be built by private developers. Most of the land will be ‘released’ by councils, who plan to demolish libraries, community facilities – and notably inner city council estates currently housing 400,000 working-class families, which they describe as “past their use-by date.”
So this eminently capitalist ‘housing solution’ will in fact bring an overall decrease in the absolute number of homes, with a massive transfer of wealth from our councils to developers, while maintaining inflated property prices, and socially cleansing our capital city to boot. A royal flush for the developers and financiers!