Speech to Wandsworth Council, Wednesday March 4, 2015
The housing market is broken. This council does not have a plan to fix it.
The housing crisis is hurting families and it’s hurting renters.
This council can’t solve the crisis. It puts property developers ahead of the public interest and has turned its back on people who have regular incomes.
Wandsworth is a great place to raise a family. But is has become a tough place to raise a family.
* Rent on the average 4-bed house went up 32% in the last two years.
* The Sunday Times reports that in Wandsworth the difference in price between a 3-bed home and a 4-bed home is £419,000 – the highest gap in the country.
* Childcare costs more than £10,000 per year per child.
I don’t know a single local family who thinks they will get to live in the new Nine Elms flats. Just three of the first 2,400 flats to be built on the Battersea Power Station site are affordable, family-sized homes Continue reading