London housing crisis worsens as 42,000 homes scrapped

London's severe housing crisis is deepening following the cancellation of plans for 42,000 new homes. Developers have reportedly mothballed these significant housing projects, dealing a major blow to Mayor Sadiq Khan's objectives for addressing the capital's housing shortage. This halt in construction exacerbates the existing supply-demand imbalance, making it increasingly difficult for residents to find affordable housing and intensifying the ongoing urban housing crisis.