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.
CAROL WILCOX argues for the proper implementation of the land value tax, which could see unused plots sold off and landlords priced out of landlordism, potentially resolving the housing and planning crises
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