Today London has become one of the world's most expensive cities (overall ranked 6th) in the key categories of housing, food, transportation and entertainment. It has the world's most expensive office space and took over from Paris as priciest night-out capital. What makes this all the more curious is that the average Brit isn't a wealthy person
This week offers a chance to celebrate the progress made in bringing some of Britain's 710,000 empty homes back into use. Unfortunately, there is also reason to fear some of those responsible for 'regenerating' our towns and cities remain overly-fond of bulldozers and land-banking deals with developers.
Labour believes we should take steps now to stop irresponsible agents operating and end the scandal of rip-off fees. Labour wants to see a sector based on long-termism and responsibility that works for working people whether they are tenants, landlords or running businesses that operate within the sector.