TOP TEN TORY FAILURES #5 – from ‘the most unequal borough in Britain’

Every day between 20 Feb and 5 March, when they will announce their alternative Budget, Kensington Labour Group will announce an area of extreme inequality in Kensington and Chelsea ‘the most unequal borough in Britain’.

The borough known as ‘The Royal Bank of Kensington and Chelsea’ has £180m in Reserves – and some of the poorest residents in London.

 

#5, 26.2.14 income, LLWopera (2)Weds 26 Feb

5. INCOME INEQUALITY

The median income in Kensington and Chelsea is now £101,600, the highest in the country; this is still not enough to buy a home at the average cost of £1,178,000. However the mean average income is £36,000, and one-third of all workers, the majority in North Kensington earn below £20,000.

World’s End estate, income inequality = worst (£13,125 equivalent of a year at minimum wage)

Hobury Street, Stanley ward = best (cc£100,000)

Cross King’s Road in this area and you go from the best to the worst income in London.

The Council has refused to pay its own low-paid workers London Living Wage of £8.80, or to insist its contractors pay the same, stating it would cost £1m; this is nearly equal to the sum the Council underwrites for the losses of running Opera Holland Park.

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