Responding to the Trust for London report published today (Wednesday) on the minimum cost of living in London, Labour’s London Assembly Economy Spokesperson Fiona Twycross AM said:
“Runaway housing and childcare costs have led to a situation where well over a third of families, and two-thirds of single parent families, earn less than they need to live on in the capital.
“The Mayor needs to recognise the strain the rocketing cost of living has placed on Londoners. What nobody wants to see is a London where only the rich can afford to live.
“This utterly shocking report shows that far more needs to be done to encourage employers to pay a Living Wage and bring down the cost of housing.”