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Even before #COVID19, #London had the highest poverty rates in the UK, according to figures in #LondonsPovertyProfile
Our new report released today w/ @wpi_economics tracks indicators of #poverty & #inequality in our city over the past 10 years- here are some key findings...1/6
Our new report released today w/ @wpi_economics tracks indicators of #poverty & #inequality in our city over the past 10 years- here are some key findings...1/6
Poverty continues to be higher in #London at 28% than the UK average at 21%
The cost of living in London is 15-58% higher than the rest of the UK
However the picture is mixed. 6/10 children in #TowerHamlets are living in poverty, compared to 2/10 in #Sutton 2/6
The cost of living in London is 15-58% higher than the rest of the UKHowever the picture is mixed. 6/10 children in #TowerHamlets are living in poverty, compared to 2/10 in #Sutton 2/6
#Housing is a major driver of poverty in #London & the housing crisis is getting worse
56,000 of Londonâs households are now living in temporary accommodation
That's an increase of 30% compared to 5 years ago 3/6
56,000 of Londonâs households are now living in temporary accommodationThat's an increase of 30% compared to 5 years ago 3/6
In-work poverty in #London is also on the rise
Now, 74% of adults in poverty, or 1,050,000 people, are in working families
This is up from 62% a decade ago 4/6
Now, 74% of adults in poverty, or 1,050,000 people, are in working familiesThis is up from 62% a decade ago 4/6
#London also experiences huge inequalities in wealth & shared opps
Those in the bottom half of Londonâs wealth distribution hold just 6.8% of the capitalâs total wealth, whereas those in the top 10% hold 42.5%
ââ4/10 Londoners don't meet an acceptable standard of living 5/6
Those in the bottom half of Londonâs wealth distribution hold just 6.8% of the capitalâs total wealth, whereas those in the top 10% hold 42.5%ââ4/10 Londoners don't meet an acceptable standard of living 5/6
Compiled before #COVID19, findings from today's #LondonsPovertyProfile report act as a valuable baseline to measure its impact on poverty in the cityAs we emerge from the crisis, letâs work to ensure a fairer London for all. Explore the data https://bit.ly/TfLLPP 6/6
