Under 30s spending

Questions to the Mayor of London – answered on 19th July 2019.

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Photo of Leonie Cooper Leonie Cooper Labour

The Resolution Foundation found under-30s are spending 7 per cent less than that age group did 18 years ago. Over-65s' spending has risen by 37 per cent. How can you support young Londoners facing increasingly higher costs and wages that are not keeping pace?

Photo of Sadiq Khan Sadiq Khan Mayor of London

I’m acting to reduce the cost of living in London. This includes freezing TfL fares and building more genuinely affordable homes. The Survey of Londoners told us that young parents are one of the groups struggling the most. To help them maximise their incomes I’m promoting affordable childcare and testing an innovative approach to delivering social welfare advice through schools.

I’ve introduced discounted travel for students and first year apprentices, and my Good Work Standard encourages employers to pay the London Living Wage which - unlike the National Living Wage - guarantees equal pay for young people.

I’ve lobbied the Government to reverse its welfare reforms, many of which disproportionately affect younger Londoners. My London Housing Strategy called on the government to review the extension of the LHA Shared Accommodation Rate, and I successfully lobbied them to overturn plans to limit access to housing benefit for 18 to 21-year-olds.