Inequality in London

Meeting: 
MQT on 2011-02-23
Session date: 
February 23, 2011
Reference: 
2011/0557
Question By: 
Len Duvall
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In a 7 February article for the Evening Standard about economic inequality, Jenni Russell wrote: 'as any Londoner knows, these yawning gulfs are staggering. One afternoon I went from a political meeting about whether the minimum wage should be raised by 20p or 40p an hour, to a dinner in a Chelsea mansion where the owner idly wondered whether he should expand his living space by spending £5million on taking over the neighbour's house'. How do you think your campaign for lower taxes for the rich will resolve the problem of economic inequality in London and the negative social phenomena that arises from it?

Answer

Answer for Inequality in London

Answer for Inequality in London

Answered By: 
The Mayor

The problem is that there are too many Londoners who are not sharing in the city's success. Meanwhile, I do not believe that the 50p rate is in the longer term interests of London remaining competitive and will cause the city to lose business.