Rents now eating up more than 50% of earnings in 17 London boroughs

A growing number of people renting in the private sector in London are seeing the cost of their home eating up more than half of their earnings, Labour warned today.

Official figures show that average weekly rents are more than 50 per cent of average local wages in 17 boroughs across London, from Kensington and Chelsea to Haringey, Merton and Barnet.

“This is more evidence of just how desperate London’s housing crisis has become,” said shadow London minister Sadiq Khan. “Housing is by far the biggest contributor to the cost of living crisis in London.”

The figures compiled by the Commons Library compared average weekly rents in each borough to the average local weekly earnings.

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