Exorbitant rents and stunted wages are leaving 3.5
million Londoners without enough money to meet their basic needs, research
shows. The number falling short of a minimum level of living in London has increased
by 400,000 since 2010, researchers found. Private rents rose by 7.2 per cent in
London between 2014 and 2016, double that in the rest of Britain, while the
cost of letting “cheaper” properties has gone up four times as much as the rest
of Britain. And the minimum wage increase to £7.20 an hour for over-25s hasn’t
helped, with high costs of living meaning single adults are actually worse off
than before the rise, despite a benefit outside the city. Read more on the
Morning Star website.
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