Sadiq Khan confirms move from City Hall in bid to fill £500m budget black hole

The video discusses the financial challenges faced by the city due to the global pandemic, including reduced business rates and council tax, leading to a significant budget deficit. It explores potential solutions such as moving to city-owned buildings to save costs. The video also highlights investments in public services like police and fire services, and the expertise of the council in managing long-term projects. Finally, it emphasizes the importance of developing affordable housing to benefit the wider community rather than luxury developments for a privileged few.

What measures are suggested to address the financial issues faced by the city?

What has been the trend in the number of affordable homes in the city over the past few years?