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News Article

Londoners Feel The Squeeze Despite Record Employment

Oct 13, 2017

Employment figures may look better than ever, but more businesses may be seeking offices for sale in Liverpool and other northern cities, as London living gets more expensive.

The BBC reports that a report by Trust for London found that nearly one in six (58 per cent) of those living in poverty in the capital city are from working households, with housing costs putting the biggest financial strain on families and individuals.

London's poverty rate is also higher than the rest of the country at 27 per cent compared to the national average of 21 per cent.

Unemployment in London fell to a record low in 2016 to 280,000. Even still, 700,000 children, 1.4 million adults of working age and 200,000 pensioners are living below the poverty line.

The trust also found the gap between the richest and poorest is widening in the capital.

A spokesperson for London mayor Sadiq Khan was quoted as saying that the mayor is "appalled that, in a city as prosperous as London, some people rely on food banks to feed their families".

There is plenty of opportunity for employment across the UK, according to a survey by the Recruitment and Employment Confederation.

The report found that growth in permanent placements is at a 27-month record, while temporary role creation has grown at its fastest rate in 2.5 years.

This "sustained and marked" increase in need for staff is not balanced in available talent to fill these vacancies, however, as the number of candidates available to fill both permanent and temporary positions continued to dwindle in July. 


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