Livingstone aims to solve London’s rental crisis

20111213-091029.jpgIn a speech today, Ken Livingstone will announce plans to tackle London’s private rental crisis. Speaking to the London Policy Conference later today Ken Livingstone will announce that if elected he will:

1. Establish the first London-wide non-profit lettings agency – to put good tenants in touch with good landlords so that both can benefit from security of tenure and reduce the costs of letting.

2. Campaign for a London Living Rent – hundreds of thousands of Londoners pay more than one third of their income in rent. Ken will make that a benchmark which will guide the work of City Hall on housing.

Private rented housing makes up 24% of London households (compared to 16% nationwide), and is particularly prevalent among young Londoners. The cost of renting is not just an issue which affects low income Londoners though. The average rent is now £1,000 and is the only option for many, given that the average first-time buyer property is now over £257,000.

 

More from LabourList

DONATE HERE

Do you value LabourList’s coverage? We need your support.

Our independent journalists have been on the ground during this local and by-election campaign, which marks the first key electoral test of Keir Starmer’s government. 

We’ve been out and about with Labour activists and candidates across the country from Bristol to Hull, and will soon be heading to Cambridgeshire and Lancashire – as well as Runcorn and Helsby. We’ve also polled readers for their views on the campaign.

LabourList relies on donations from readers like you to continue its fair, fast, reliable and well-informed news and analysis. We don’t have party funding or billionaire owners. 

If you value what we do, set up a regular donation today.

DONATE HERE