The next London Mayor must pledge to build 50,000 homes a year, according to the Confederation of British Industry (CBI).

In it's London Manifesto, the organisation calls for the next mayor to keep a 'relentless focus on business growth', keeping the city an 'attractive hub' for investment, creativity, skills and tourism.

Key features of CBI's London Prosperity Agenda include:

• A new housing strategy within 100 days of taking office, which commits to building 50,000 homes a year

• Press the Government to deliver the Airports Commission's recommendation to build a new runway in the South East, and deliver Transport for London's business plan, including Crossrail 2


• Continue to implement the existing 2050 London Infrastructure Plan, and give a stronger voice to businesses on the London Enterprise Partnership (LEP). £1.3 trillion worth of investment is required in London’s energy, water, transport and digital infrastructure by 2050

• Develop London's 'Knowledge Quarter', and support London's Digital Talent Taskforce to help address future digital skills needs

• Provide certainty and consistency in UK tax policy to attract financial firms, and call for the Chancellor of the Exchequer to end the Bank Corporation Tax Surcharge by the end of the Parliament, once the Budget is balanced.

CBI London Director, Lucy Haynes, said "tough decisions" will need to be made from day one of the new Mayor's office for the capital to continue to "grow and prosper".

"From building the 50,000 homes a year the capital needs to house its talented workers, and a new runway that will boost our exports to high growth markets, to making the city a global beacon for digital and technological skills, London's next leader has a unique opportunity to plan ahead, and position the city at the head of the pack," she said.

(LM/MH)