First Time Buyers

I strongly believe that a stable home is the basis for a stable life - a job, family stability and community cohesion.

The fact that many so called affordable homes are out of reach of working Londoners shows that the affordability "criteria" are a long way removed from reality.

Yesterday I challenged the Chancellor to tackle the housing crisis in Hackney.

See below my question:

Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op): The Chancellor makes great claim for his policy, but in inner-London in my constituency, housing is a real crisis. This morning I met the head of our clinical commissioning group. We have a crisis in GP recruitment and in hospital doctor appointments. Even highly paid doctors cannot afford to get on the housing ladder in my constituency, and that is causing a crisis in public services. What will he do about that?

Mr Osborne: We are doing two things about that. First, we are building more homes in London than were ever built under the previous Labour Government, and we have also just introduced Help to Buy London, so that we help Londoners deal with the very high cost of housing in the capital.

You can also watch my question here: