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flag London's income growth outpaced the UK average, but housing costs are making life harder for residents.

flag London's living standards have risen more than twice as fast as the UK average over the past decade, driven by strong economic growth in finance, tech, and professional services, but soaring housing costs are eroding gains, especially for young residents. flag Despite rising incomes, Londoners spend a higher share of their earnings on housing than in other major UK cities, with affordability pressures mounting due to a shortage of homes, planning constraints, and stalled affordable housing projects. flag While cities like Brighton and Worthing also saw strong income growth, they now face similar risks. flag The Centre for Cities urges urgent planning reforms, increased housebuilding, and targeted policies to ensure economic progress translates into better living standards, not just higher costs.

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