“”The report claims that low- to middle-income workers have been hit hard in the capital because…”
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“The report claims that low- to middle-income workers have been hit hard in the capital because rents are around 50% higher than in the rest of the UK. […] Rent now accounts for about 41% of their incomes.
It warns that ‘endies’ who do not own a home have almost no chance of buying one. ‘There are now only three boroughs – Tower Hamlets, Newham and Barking and Dagenham – where home ownership is potentially affordable for two people earning that borough’s median wage,’ the report says.”
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