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The battle over London’s housing crisis has intensified with the Mayor of London, Boris Johnson, coming under scrutiny in the Mayoral question time. The question time comes as GLA Conservative member Gareth Bacon has called for the £4.2 billion stamp duty to be devolved to double house building in the capital. He said that the funds raised could be used to build 42,614 homes every year. “We have a shortage of housing in the capital and we can use the cash we raise ourselves to fix the problem. I welcome the chancellor’s decision to devolve business rates to local councils, now stamp duty should be next on the list. “My sums show that if the capital uses its stamp duty on constructing new homes, it can more than double house building from 20,520 to 42,614 every year. It’s time for London to finance its way out of its housing shortage through common sense reforms.” In response to this, Boris Johnson said: “These calculations show just why stamp duty should be devolved ...