London’s council and housing association homes provide secure and decent accommodation for almost a quarter of the city’s households at a heavily subsidised rate. Half of these 750,000 households are unwaged or very low income. A significant number, however, earn above the London average wage.
With housing supply under extreme pressure, and the public and politicians increasingly concerned to ensure that welfare goes to those who most deserve it, the coalition government has set out proposals to ensure that high earning council and housing association tenants pay a market rent on their properties.
Our new report House-Keeping: A fair deal for London’s higher earning social tenants sets out an alternative regime – to increase rent gradually for households earning above the London average wage and raise hundreds of millions yearly for new housing in the capital, while ensuring that work always pays.
Join us and an expert panel as we debate both proposals, and discuss how best to raise extra money for housing, without discouraging aspiration.