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553 Londoners have responded
Idea generation
Curb CEO pay - Force larger companies to pay their workers a fair rate
In a 2020 study by the Chartered Institute of Personnel and Development (CIPD), a typical FTSE 100 CEO still gets £119 every time the average UK full-time worker earns £1. (compared to £123 in 2018)
At the same time, renting a room in London averages around £780 per month, coming in at 58% of a minimum wage workers paycheck and 49% of a living wage worker (even with London costing). Renting in other parts of the country comes in at nearly half these amounts. For perspective, affordable housing should cost no more than 35% of your post-tax income, as reported by the Institute for Fiscal Studies. (IFS)
You want to help the community? Force wealthy CEOs to redistribute the profits of their workers efforts.
Suggested by we-are-the-99
Timeline
London’s recovery from COVID-19 – what you told us so far
HappenedAugust 2020: Launch of the High Street Data Service and Data Partnership, an integrated platform that will gather evidence and share data and analysis to support London’s recovery
HappenedHow your feedback has started to shape London’s road to recovery
HappenedAugust - November 2020: Mission engagement - High Street Network and Stakeholder and partner workshops
HappenedNovember 2020: Creation of Advocate Group to provide expert advice in the development of the mission
Happened39 successful Make London successful projects announced
HappenedShare your ideas to reimagine London
HappenedYou and other Londoners have shared 166 ideas
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