Latest editorial
YOUNG people have half of their pay packet swallowed up by rent, with twenty-something Londoners paying even more for housing, a new report reveals today.
According to research by estate agent Countrywide, single working people aged 22 to 29 renting one-bedroom homes spend around 48 per cent of their post-tax salary on rent.
In London, nearly 60 per cent of their income goes on housing — a 16-point increase on 2007. Countrywide research director Johnny Morris said: “In London, rents have risen much faster than wages, stretching affordability.
Our housing crisis isn’t an accident – it’s class war, trapping millions in poverty while landlords and billionaires profit. To solve it, we need comprehensive transformation, not mere tokenistic reform, writes BECK ROBERTSON
