London’s Insane Housing Bubble – and the Sickening Greed that is Strangling the Capital

Everywhere I look in London, monstrous new housing developments are rearing up — unaffordable to most working people, and largely bought up by foreign investors. While some take up residence, others leave their investments empty or join the frenzy of home-grown landlords in the buy-to-let market, fleecing an ever-increasing percentage of London’s workforce, who simply cannot afford to buy a property and have no choice but to cough up whatever outrageous amount they are asked to pay by landlords who have been unregulated since the days of Margaret Thatcher, the great liberator of unfettered greed.

This is the new London, in which those involved in new housing developments act as pimps for rich foreigners and for Britain’s own wealthiest property owners, and struggling British workers are preyed on by their fellow citizens, in a market driven by the greedy sense of entitlement that motivates far too many landlords, and a housing bubble kept inflated by the government and the Bank of England, whose refusal to raise interest rates is the primary driver of an economy in which profiteering on housing is seen, by far too many people, as their only viable investment.

However, the situation is now so dire that last week a YouGov poll commissioned by the Evening Standard — normally nothing more than a front for the mortgage industry — revealed that “[h]alf of Londoners want house prices to fall.” Read the rest of this entry »

As Boris Johnson Approves Monstrous Convoys Wharf Development, New Campaign Opposes 236 Planned Towers in London

I was rather pleased that I was out of the country when Boris Johnson, London’s Mayor, announced on March 31 that he was approving plans for the development of Convoys Wharf in Deptford, because, in a city overrun with soulless riverside developments, designed almost exclusively for wealthy foreign investors and unaffordable for ordinary Londoners, it is a particularly depressing example, and one that, for me, is close to home, as I live just up the road from Deptford.

The 40-acre riverside site has been vacant since 2000, when it was closed by its last owner, News International, which used it as a dock for importing newsprint, and, since 2002, developers — initially NI itself, and, since 2005, the Hong Kong-based Hutchison Whampoa, which bought the site off NI — have been trying to gain approval for a Dubai-style high-rise residential development on the site, consisting of 3,500 homes, featuring one 48-storey tower, and two 38-storey towers, far higher than anything else on the shoreline for miles around.

Normally, Chinese businessmen with £1bn to spend on luxury housing on London’s riverfront don’t have to wait for years to have their plans accepted, but the problem with Convoys Wharf is that it was and is a place of great historic importance — the site of the first of King Henry VIII’s Royal Dockyards, which was first developed in 1513 to provide ships for England’s rapidly expanding Royal Navy. Read the rest of this entry »

Petition: Tell Boris Johnson Not to Approve the Monstrously Inappropriate Development Plans for Convoys Wharf in Deptford

Please sign the petition on Change.org, asking London’s Mayor, Boris Johnson, not to approve a £1bn plan to turn Henry VIII’s former Royal Dockyard at Convoys Wharf in Deptford into a luxury, high-rise housing development that would be more at home in Dubai.

All over London, housing developments that are unaffordable for the majority of Londoners continue to rise up, and equally unaffordable new projects continue to be approved. Councils are either cash-strapped and desperate, or they are seduced by developers’ promises that their developments will be of benefit to the community at large, even though the entry level for luxury developments is a household income of £72,000, way above the £53,000 that even a couple on the average UK income (£26,500) can afford. When you consider that the median income in the UK is £14,000 (the one that 50 percent of people earn more than, and 50 percent earn less than), it’s easy to see how the entire situation is out of control and is doing nothing for local people, or the majority of hard-working Londoners.

Down the road from where I live in south east London is Deptford, a vibrant but not affluent part of the London Borough of Lewisham, with a huge maritime history. Where Deptford meets the River Thames is the largest potential development site in the borough, Convoys Wharf, a 16.6 hectare (40-acre) site, which most recently was News International’s paper importing plant for printing Rupert Murdoch’s newspapers. Murdoch’s operation closed in 2000, and, since 2002, developers have been trying to gain approval for a massive luxury housing development on the site, featuring 3,500 homes — 3,000 of which will be sold “off-plan” to foreign investors — and including three towers rising to 40 storeys in height. Moreover, just 15 percent of the homes will be what is laughingly described these days as “affordable” (at 80 percent of market rents, these rents are actually unaffordable for most people), and just 4 percent will be for social rent (i.e. genuinely affordable) — that’s just 140 properties out of the total of 3,500. Read the rest of this entry »

Is the Tide Turning Against the Tories, as Labour Pledges to Scrap the Bedroom Tax and Sack Atos?

Ever since the Tory-led coalition government got into power and ministers made it clear that they were seeking to do as much damage as possible to the poor, the ill, the unemployed and the disabled, and to dismantle, if possible, every state-owned enterprise, and anything that expresses some notion of communality and doesn’t involve naked profiteering, misery and uncertainty have been on the rise, and with good reason.

As I have stated in numerous articles over the last few years, the assault on the unemployed and disabled has been particularly heart-wrenching, as the Tories, their spin doctors, their Lib Dem accomplices and their cheerleaders in the mainstream media have portrayed the unemployed as skivers, despite there being only one job available for every five of the country’s 2.5 million unemployed, and have portrayed disabled people with similar flint-hearted distortions.

As a result, wave after wave of vile policies have been introduced with very little outrage from people who probably don’t regard themselves as particularly cruel or heartless — the reviews for the disabled, run by Atos Healthcare, which are designed to find people with severe mental and physical disabilities fit for work, so that their benefits can be cut; the workfare programs for the unemployed that are akin to slavery and allow well-off companies to fundamentally undermine the minimum wage; and the overall benefit cap, the most popular policy in this new Cruel Britannia, according to a YouGov poll in April, in which 79 per cent of people, including 71 per cent of Labour voters, supported it. This is forcing tens of thousands of families to uproot themselves — with all the attendant social costs, particularly for their children — and move to cheaper places, which tend to be those with high unemployment, creating ghettoes, as part of a disgraceful process of social cleansing. Read the rest of this entry »

Disgusting Tory Britain: UN Housing Expert Attacked After Telling Government to Axe the Bedroom Tax

Well, what a lovely place Britain is these days. For the last two weeks, Raquel Rolnik, the United Nations Special Rapporteur on housing, has been visiting the UK to “monitor and promote the realisation of the right to adequate housing,” visiting London, Edinburgh, Glasgow, Belfast and Manchester, where, as a UN press release explained, “she met with government officials working on housing issues, various human rights commissions, academics and civil society.” She “also carried out site visits, where she heard first-hand testimonies and discussed with individuals, campaigners and local community organisations.”

However, when she dared to criticise the deteriorating state of Britain’s social housing provision, and to call for the “bedroom tax” to be scrapped, she was laid into by senior Tories, and by the right-wing media, in a series of vile and hysterical outbursts that ought to be a disgrace to any country that claims to be civilised.

The “bedroom tax” is a widely reviled policy dreamed up by the millionaires in the Tories’ cabinet, which provides financial penalties for people living in social housing and in receipt of benefits who are deemed to have a spare room. It is forcing many people to move from homes they have lived in for decades, even though there are very few smaller properties to which they can move. Read the rest of this entry »

The Tories’ Cruelty Is Laid Bare as Multiple Welfare Cuts Bite

Ever since the Tories came to power in May 2010, aided by the Liberal Democrats, who, sadly, demonstrated that everything they professed to believe in could be discarded if it meant being in government, the very fabric of civil society in the UK has been faced with extinction. This is a country that has developed a welfare safety net to protect the most vulnerable members of society and those who have fallen on hard times, and one that has guaranteed healthcare for its entire population, through the NHS, paid for through general taxation, but the Tories are determined to destroy it, and far too many people have been fooled by their poisonous persecution of the poor and disabled, and their ideologically motivated “age of austerity,” which continues to ruin any chance of economic recovery, while plunging millions of people further into serious poverty.

On Monday, April 1, multiple welfare cuts hit hundreds of thousands of the poorest and most vulnerable members of society, and although two newspapers led with the news on their front pages — the Guardian (“The day Britain changed”) and the Daily Mirror (“D-Day for Savage Con-Dem Cuts”) — there is no sign that the British people, in general, have woken up to the full ramifications of what is being done in their name.

From the beginning of the Tories’ attack on the state, the government and large parts of the media have successfully lied about the unemployed and the disabled being scroungers and shirkers, creating a climate of mean-spiritedness and hatred amongst my fellow citizens that I have found to be both shocking and disgraceful, because the blunt truth, which anyone could find out if they could be bothered, is that there are around 2,500,000 people unemployed but only 500,000 job vacancies. Read the rest of this entry »

While Tyrants Sleep: Photos of Canary Wharf at Night

Canary Wharf at night from Marsh WallThe East Wintergarden, Canary WharfOne Canada Square and the West WintergardenOne Canada Square: nearerWest India Docks from South Quay FootbridgeCanary Wharf walkway
Inside the West WintergardenThe back of Canary WharfOpulent foyer2:22 in Canary WharfIlluminated trees in Canary WharfDeptford butchers
The Deptford anchor

While Tyrants Sleep: Canary Wharf at Night, a set on Flickr.

On November 14, 2012, as I explained in my previous photo set, “Curious Insomnia: A Journey through Deptford and Millwall to Canary Wharf at Night,” I decided, at 1am, to cycle from my home in Brockley, in south east London, down through Deptford and Greenwich, and through the Greenwich Foot Tunnel to the Isle of Dogs, where I cycled through Millwall, via the former docks and South Quay Plaza (and the DLR station) to Canary Wharf, the multi-towered financial centre and underground shopping complex that has been sucking the lifeblood out of the rest of London since it overcame its early wobbles under Margaret Thatcher and John Major, and became a magnet for dodgy unregulated bankers and obsessive materialists during the reign of Tony Blair.

It is, in fact, a place which, as Owen Hatherley explained in an excellent article for the Guardian last year (which I also drew on here), is responsible for “the most spectacular expression of London’s transformation into a city with levels of inequality that previous generations liked to think they’d fought a war to eliminate.” Read the rest of this entry »

Wake Up to the Injustice of Britain’s Housing Crisis

Modern Britain is gripped by a cold-heartedness created by a sense of entitlement — not the entitlement to meagre benefits that is so shamefully touted by the Tory leaders of the coalition government as an excuse for hateful attacks on the welfare state, but the entitlement of those like David Cameron and George Osborne and those they represent, those who feel entitled to use clever accountants to avoid paying tax, both individually and in relation to the companies and corporations they support, and those who believe that it is acceptable to exploit others to live in the manner to which they believe they are entitled — which many people do through property.

These people, through their invented sense of entitlement, are presiding over the creation of the most hideously unequal society since before the time of the great Victorian reformers, who, in contrast, were inspired by a desire to help the poor rather than punish them, and were often inspired by the words and deeds of Jesus Christ. As a response to unfettered exploitation and hideous inequality, these reformers laid the foundations for the welfare state in the second half of the 19th century, foundations that were only fully realised through the establishment of the modern welfare state (including the creation of the NHS) by a Labour government after the Second World War.

However, in modern Britain, the notion of Christian charity is severely endangered by naked profiteers and those who, less obviously but no less damagingly, exploit those who cannot afford to buy their own homes to charge hideously expensive rents in a rental market that is unregulated by government, and is, moreover, one in which rampant greed has become commonplace. Read the rest of this entry »

The Death of Empathy in Cruel, Heartless Britain

Last Wednesday, while George Osborne was delivering his Autumn Statement, taking aim at the most vulnerable members of society once more, with another savage attack on the welfare state, I was in central London, and I returned home after he had made his smug and visibly heartless performance in the House of Commons, when the Evening Standard was already announcing his new attack on the poor and disabled.

The Standard‘s headline — “George Osborne hits welfare for poor and raids pensions of rich” — was not exactly a ringing endorsement of the Chancellor’s statement, but it failed to dent the prejudices of the two women next to me, who were returning home, presumably from their office jobs. As they idly perused the paper, they complained about the amount of money the unemployed receive, followed swiftly by a complaint that they then sit around at home doing nothing. There was no mention of the fact that most of what the unemployed receive from the government goes to their landlords, or that there is still only one job for every five people who are unemployed, let alone the fact that a large proportion of benefits are actually paid to working people who aren’t otherwise paid enough money to survive on. Why let anything that might lead you to regard the unemployed as fellow human beings interfere with some knee-jerk bigotry?

Complaining that they too were suffering, they then spent the rest of their journey home — disturbingly, to Brockley, where I also live — rather undermining their case, by talking about party dresses and which gyms they attended. Read the rest of this entry »

Ex-Children’s Minister Sarah Teather Condemns Government’s Benefit Cap as Cruel and Immoral

Hurrah for Sarah Teather, the Liberal Democrat MP for Brent Central, and the minister for children and families in the Tory-led coalition government until September, when she was sacked.

I was sorry to see Sarah under the yoke of this hideous government, because she clearly had more humanity than all the other ministers, and, although she undoubtedly was trying to do her best for those in need, it was also clear to me that she would be unable to do anything much that was worthwhile in a government so dedicated to making the poorest people in society suffer as much as possible. I knew of her humanity, and of her dedication as a constituency MP, because she had very actively campaigned for one of her constituents, Jamil El-Banna, a prisoner in Guantánamo who was released five years ago, and I had met her during that time.

On Sunday, Sarah Teather broke her silence in fine style, telling the Observer, in no uncertain terms, that the government’s welfare reforms are unacceptable, and that, in particular, the one-size-fits-all benefit cap, being introduced in April, is cruel and immoral. Read the rest of this entry »

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Andy Worthington

Investigative journalist, author, filmmaker, photographer and Guantanamo expert
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