Ministers will give housing developers in London time-limited tax breaks to help unlock projects as part of an emergency package to help the Government hit its 1.5m homes target.

It comes alongside plans to allow developers to cut their affordable housing targets to build homes faster or risk sharing their profits with councils.

The move to cut the number of affordable homes threatens to spark a major row with Labour MPs and councillors, as it breaks a key pledge to tackle the housing crisis exacerbated by lack of social housing .

Developers in London will be given a new “use it or lose it” route to build houses faster in exchange for delivering fewer affordable homes.

Steve Reed has agreed to temporarily cut the proportion of affordable homes from 35 per cent to 20 per cent

See Full Page