00:00A new building safety levy could put pressure on London house building, according to Business
00:06LDN. The charge on some new homes came into effect on 1 October, helping fund repairs
00:12to historical building safety defects. Business LDN says the levy risks reducing the benefit
00:18of a temporary community infrastructure levy discount in the capital's emergency measures.
00:23Its analysis found developers could be worse off in 31 of 92 residential charging areas.
00:30London's private housing starts fell 84% between 2015 and 2025. The mayor supports building safety
00:39funding but has raised concerns about the levy's effect on housing delivery.
