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Social Housing in London

I do accept that, but the fact is that before Ken Livingstone there was no such requirement—no aim, no goal—so there was no provision. The hon. Lady might want to acknowledge that any politician who aims for 50% and achieves 36% is actually doing rather well. Having had that experience, Ken Livingstone is now clear that a 50% target could and should be achieved. That is why he wants it to be a target once more. He suggests changes to allow public bodies such as the GLA Group and London boroughs to borrow against their assets on the bond markets in order to invest in the development of new affordable housing. He also suggests raising money on the bond markets to build affordable homes, including for rent, to break the back of the housing shortage and create work, and, as I have said, restoring the target that 50% of new housing provision in London should be affordable.