The top 10% of households in London own just over half the city’s wealth, while the bottom 50% own 5% [Image: Dominic Lipinski/PA].

London is the richest city in Europe. This information demonstrates that Tory claims of “Making Work Pay” were never anything other than a lie.

Tories never intended to make work pay.

Their plan was always to push wages down, and push the poor into these continually lower-paying jobs by turning the benefit system into a living hell – and a death sentence for many including the sick and those with disabilities.

Now you know.

More than half of the 2.3 million Londoners living in poverty are members of households in which someone is earning money, research has found.

The overall poverty rate in London has fallen slightly from 29% to 27% over the past six years, because of rising employment levels, but having a job is not enough to protect a huge number of residents from financial hardship.

According to a study by the Trust for London, 58% of Londoners who are in poverty are living in a working family, the highest this figure has ever been. The proportion is up from 44% a decade ago and 28% two decades ago.

Source: More than half of Londoners in poverty are in working families


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