Residents in Brent now need a take home household income of over £3,857 a month to afford a typical two-bedroom home in the area

Shelter

Shelter (Photo credit: markhillary)

The Charity Shelter has revealed that rises in the costs of renting means that “residents in Brent now need a take home household income of over £3,857 a month to afford a typical two-bedroom home in the area.

Renting has often been thought of as the cheap alternative to home ownership, but over the past year rents in the capital have risen at nearly twice the rate of wages, meaning that London voters are struggling.”

Labour’s candidate for the London Mayoralty, Ken Livingstone has said that he will establish an all-London non-profit making lettings agency which, by cutting out Estate Agents’ profit, will help reduce rents and provide secure tenancies, and will campaign for a London Living Rent – no Londoner should pay more than a third of their income in rent.

For Ken’s webpage on Housing, click here – LINK

News of the Week: Eleven weblinks from the week just gone, recommended by me

  1. Four in 10 Lib Dem voters would not vote for party again.
  2. Con Dem Government welcome former banker Stephen Green to the Government. Tom Watson MP tweets Blimey. When Mr Osborne said he’d take on the bankers, I didn’t know it meant he’d make them ministers.
  3. Charity Shelter claim that almost 54,000 children already living below poverty line will be pushed even further down by housing benefit changes.
  4. The Coalition Government distance itself from a pledge made by the previous Labour government to abolish hospital car park charges in England.
  5. The head of the Police Federation today said “a touch of ideology” and bad advice to government from thinktanks had left the police service facing cuts that could leave up to 40,000 officers out of a job.
  6. London Mayor Boris Johnson concerned that Con Dem immigration cap policy will affect London’s economy.
  7. London Assembly member Jennette Arnold highlights Mayor Boris Johnson’s take on the ConDem cuts and recommends that Boris Johnson should vote for Labour.
  8. Odds shorten on Ken Livingstone winning the London Mayoralty in 2012 (Not that I’d want to promote gambling!).
  9. Boris’ Best Bits. As the Mayor of London announced his intention to run as the Tory candidate for the 2012 London Mayoral elections, Left Foot Forward looks back on Boris’ best bits.
  10. Theresa May forced to answer questions over phone-hacking claims.
  11. Lib Dem Vince Cable to press ahead with the sale / privatisation of Royal Mail
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