London is quite sparsely populated compared with most capital cities, so there is tremendous potential to increase housing supply. The housing minister is right to promote housebuilding - the city is in desperate need of new homes. Statistics released by the Department for Communities and Local Government show just 189,650 new homes were added to the UK housing stock in the first year of this parliament, well below target.

This means that the Government will need to speed up housebuilding even further in the coming years.