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London is dying, & Sadiq Khan’s desire to cap rents is his bid to stop an exodus… but it’s too little, too late

21 27 36

London Mayor Sadiq Khan is finally making noise about the astronomical rent that citizens are forced to pay for the privilege of living in Britain’s capital city.

Khan wants new powers regarding rent to be devolved to City Hall, as he is said to fear another spike in homelessness and mass exodus as the government’s furlough scheme ends, and evictions of renters can start again.

Londoners pay eye-watering prices for some of the worst housing in the country – a one-bedroom ex- council flat in the East End can easily cost a renter £1,450 pcm, while many people in the city spend upwards of 50 percent of their income on rent alone.

With tourists missing from the London economy, the theatres, restaurants and bars struggling to open, and the financial district, the City of London, looking and feeling like a ghost town as people work from home, you can see Khan’s fear – London is losing its gold plating. Consequently, he believes that halting rent hikes in London for up to five years could slow down the process of dulling the city’s shine.

Well, boo f***ing hoo Sadiq........

© RT.com

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