Cap rents for key workers, says campaign group

Cap rents for key workers, says campaign group

0:02 AM, 22nd February 2024, About 9 months ago 26

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Key workers in London are struggling to afford the high rents in the city and a rent cap is needed, says one campaign group.

A report from Generation Rent highlights how much key workers are struggling as it calls for all metro mayors – including London’s Sadiq Khan – to be elected in England in May to control rents to help key staff.

The campaign group’s report analysed the median rent for a one-bedroom home in each of London’s 32 boroughs and compared it to the average income of 15 key and essential worker roles, such as teachers, nurses, carers, cleaners and bus drivers.

The findings show that none of the boroughs in inner London were affordable for any of the roles, and that only four roles – primary teachers, secondary teachers, community nurses, and painters and decorators – could afford to rent in any of the boroughs in Greater London.

‘Being driven out of our city because of soaring rents’

The group’s chief executive, Ben Twomey, said: “Just a few years ago we were clapping on our doorsteps every week for key workers. Now they risk being driven out of our city because of soaring rents.

“For communities to survive, local people must be able to stay healthy, receive an education, find a safe home to live in and purchase basic goods.

“But, if those working in vital jobs cannot afford to live in the area, everyone loses out.”

He added: “The current cost of renting crisis is devastating London’s communities.

“It is vital that England’s metro mayors have the power to slam the brakes on local rents and give our key workers the breathing space they need to live and work in their community.

“It is also vital that the mayor and the government build more affordable homes in the capital and increase how much social housing is available.”

Calculated the average percentage of income spent

Generation Rent says that a home is considered affordable if it costs 30% or less of your income and it has calculated the average percentage of income spent on rent for the 15 roles:

  • 106% for teaching assistants
  • 100% for kitchen assistants
  • 97% for cleaners and sales assistants
  • 91% for pharmacy assistants
  • 90% for receptionists
  • 86% for hairdressers
  • 82% for care workers
  • 76% for chefs
  • 66% for painters and decorators
  • 63% for bus drivers
  • 56% for community nurses
  • 49% for primary teachers
  • 46% for secondary teachers.

Average rent was more than the entire salary

The report also found that for the five lowest-paid jobs, there were four boroughs – the City of London, Islington, Kensington and Chelsea, and Westminster – where the average rent was more than the entire salary.

Teaching assistants faced the most severe affordability issues, with the most affordable borough being Sutton, where they would still spend 62% of their income on rent, and the least affordable being Westminster, where they would need 145% of their income to cover the rent.

The report comes ahead of the London Mayor election in May, where Generation Rent is calling on the candidates to pledge to cap rents and boost the supply of social housing in the city.


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NewYorkie

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17:10 PM, 22nd February 2024, About 9 months ago

Reply to the comment left by Michael Booth at 22/02/2024 - 16:13
I have one BTL left, and hope to sell by the time No10 turns red.

Frank Jennings

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21:30 PM, 22nd February 2024, About 9 months ago

Reply to the comment left by Michael Booth at 22/02/2024 - 15:16
Well yes that's true, but I was not talking of the richest 10%, I was talking about the richest 0.001% the real richest in the country who don't pay any tax, don't own anything because it's all in trusts and companies, and who own everything including the banks, the govenment, the media, the legal system, the land, the supermarkets, and all the property.
Also not all socialists are wrong in everything they believe, and some of their ideas are good and work well if allowed to. For example the NHS, free schools, pensions, the open university, social security etc. Etc.
It's just they have taken things far too far. Just like the Right, they are not helping the people anymore, they are helping themselves, at our expense. It's now the uniparty, and voting left or right makes no difference, as they are much the same. It's a pit of vipers, and they never honour their promises to the nation. They are mere career politicians, who are only concerned with making as much money as possible, any way they can.
Be warned, when Labour are in power, things will quickly get much worse, before they get better, and it will take a long time for that to happen. It's the swing of the political pendulum, and the city makes as much money as it can either way. I'll vote reform, and hope that in the future, they will gain a seat in the commons to change things for the better, even if it takes a long time to achieve. Common sense must prevail in the end.

Candyman 1980

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22:13 PM, 22nd February 2024, About 9 months ago

Aside from all the politics, I'm struggling to understand how teaching assistants exist when their average rent, as a percentage of income, is 106%.

Peter Lassman

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7:51 AM, 24th February 2024, About 8 months ago

How about Capping Mortgages and Service Charges, then it might seem a good idea as PL are getting stuffed by these increases and the need to earn a living, Politicians who Spout this crap live in a different world and the Back Bench Landlord Politicians who are seemingly trying to help PLs are not in the position us smaller portfolio Private Landlords are in so unless they really help, more PL will exit the market which I suppose will help the larger Lanlord companies like the Back Bench Landlords who will gladly snap up the bargains on offer

Retired GasMan

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8:04 AM, 24th February 2024, About 8 months ago

Reply to the comment left by Candyman 1980 at 22/02/2024 - 22:13They probably have a partner who earns 10 times they do, or they take in a lodger to help pay the bills.
You know what they say, there are lies, damn lies and then there are statistics 👍

moneymanager

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10:22 AM, 24th February 2024, About 8 months ago

Why would, should teaching assistants have any expectation of living in Westminster?

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