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Young Londoners earning £60,000-a-year can no longer afford a home in the capital, Reform UK’s mayoral candidate has said as she laid out her plans to ease the city’s housing crisis.
Laila Cunningham said her children know that they will not be able to afford to live independently in London when they leave home.
The mother-of-seven told the Standard: “I speak to so many kids who are on £60,000 in London, like top earners in the country.
“There is no way they can afford to build and have a home. And actually when it comes time for them to have kids, they move out of London.
“And that is a failure for me. Sadiq [Khan] boasts we have the greenest home building or you know, the greenest construction.
How is that helping Londoners? It's not, I want people to boast about how many young people have owned a home and built a family in London. It's very important for me.”
Over the last 20 years house prices in the capital have risen far faster than earnings, the Centre for London has said.
Its analysis, which has examined housing stock and affordability data, shows that property availability in the capital has barely changed over the past two decades.
In 2002, London had about 421 homes per 1,000 people. The figure dipped slightly after the financial crisis and has now returned to a similar level.
Ms Cunningham said that if she were to become the Mayor of London after the next election, due in 2028, she would free up TfL land for housing and cut regulations to speed up building.
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