This is the last article you can read this month
You can read more article this month
You can read more articles this month
Sorry your limit is up for this month
THE Royal Borough of Kensington and Chelsea (RBKC), which was made infamous by the Grenfell disaster, tops the league of in London’s most expensive places to rent, a GMB study revealed today.
The median monthly rent for a two-bedroom flat in the borough is now £2,708, making it the most expensive part of London for private-sector tenants.
Across the capital, the median monthly rent for two-bedroom flats is £1,450.
Average rents for two-bedroom flats are up 30 per cent or more on 2011 in 14 of the capital’s 33 boroughs.
GMB regional secretary Warren Kenny said: “These high rents are here to stay. So too are younger workers living for longer in private-sector rental accommodation.
“As a direct consequence, employers must be prepared to pay much higher wages to staff to enable them to afford these much higher rents.”
If employers fail to do so, there will be staff shortages as workers are priced out of London, Mr Kenny warned.
“It makes little sense for these workers to spend a full week at work only to pay most of their earnings in rents,” he pointed out.
“Policy mistakes have made the housing position for lower-paid workers worse. Council homes for rents at reasonable levels were aimed at housing the families of workers in the lower pay grades and did it successfully for generations.
“These were sold off but, crucially, not replaced as a matter of Tory dogma.”
Mr Kenny attacked “dogmatic opposition” to allowing councils to build homes and the demolition of council estates as “a luxury we can’t afford,” given the “massive” shortage of homes for rent within reach of lower-paid workers.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by joining the 501 club.
Just £5 a month gives you the opportunity to win one of 17 prizes, from £25 to the £501 jackpot.
By becoming a 501 Club member you are helping the Morning Star cover its printing, distribution and staff costs — help keep our paper thriving by joining!
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by become a member of the People’s Printing Press Society.
The Morning Star is a readers’ co-operative, which means you can become an owner of the paper too by buying shares in the society.
Shares are £1 each — though unlike capitalist firms, each shareholder has an equal say. Money from shares contributes directly to keep our paper thriving.
Some union branches have taken out shares of over £500 and individuals over £100.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by donating to the Fighting Fund.
The Morning Star is unique, as a lone socialist voice in a sea of corporate media. We offer a platform for those who would otherwise never be listened to, coverage of stories that would otherwise be buried.
The rich don’t like us, and they don’t advertise with us, so we rely on you, our readers and friends. With a regular donation to our monthly Fighting Fund, we can continue to thumb our noses at the fat cats and tell truth to power.
Donate today and make a regular contribution.