The high cost of renting a house in London has fuelled a
huge increase in the number of people in the capital who do not have enough
income for a decent standard of living, a study shows. Research for the Trust
for London charity found 3.5 million Londoners have less money to meet their
basic needs and have a minimum level of living, an increase of 400,000 since
2010. The increased cost of private renting was singled out which has risen
four times as much as in the rest of the UK, said the report. Although single
adults in the rest of the country have benefited from the National Living Wage,
those in London are less able to afford a decent standard of living than before
the rate came in last year. Read more on Yahoo Finance.
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