Sadiq Khan has expressed support for the government’s Autumn Statement “as the first steps towards a major devolution deal for the capital”.
Chancellor Philip Hammond yesterday announced that a £3.15bn devolution deal would allow 90,000 “new and genuinely affordable homes for Londoners” to be built – the largest amount of cash ever secured by City Hall.
“Following negotiations with the Mayor, the Chancellor has also relaxed the rules around how City Hall can use this money, meaning the Mayor can now build new homes for low-cost rent, London Living Rent, and shared ownership between now and 2021,” Khan said.
He said he “believes that today’s Autumn Statement signals the start of a long-term process of giving London government the control it needs to grow and protect the capital’s economy from the current economic uncertainty.”
Other benefits for Londoners from the Autumn Statement include devolution of adult skills funding to City Hall, as well as a £23 billion “national productivity fund”.
However, Khan warned that Britain “will need significant further infrastructure investment in order to manage the economic uncertainty ahead”.
In addition, suburban railways in London were not devolved by the Chancellor – something the Mayor had campaigned for.