Rents Eat Up More than Half of Earnings in 17 London Boroughs

A growing number of people renting in the private sector in London are seeing the cost of their home eating up more than half of their earnings, Labour has warned. Official figures show that average weekly rents are more than 50 per cent of average local wages in 17 boroughs across London, from Kensington and Chelsea to Haringey, Merton and Barnet. The figures compiled by the Commons Library compared average weekly rents in each borough to the average local weekly earnings. Read more on the Evening Standard website.