With Polling Day fast approaching for London's Mayoral selection, Survation, on behalf of the London Fairness Commission are announcing results of new telephone polling of 1,010 London adults aged 18+ conducted between the 21st-25th April 2016.
Results indicated a clear desire for the next Mayor of London to make London a “fairer” city.Key Findings.
Perceptions of unfair pay - Six out of 10 (59%) people told Survation that London-based organisations where lowest paid workers earn £13,500 (the minimum wage), that the fair, maximum salary for the Chief Executive should be not more than 20 times the lowest wage (£270,000).
Income Ratios - Similar in concept to the suggestions that have been made for addressing in-company gender pay inequality, two thirds of Londoners (66%) told Survation that companies employing more than 250 people should be required by law to publish the income ratio of the highest paid to the lowest paid worker in their organisations.
Should “Fairness” be Measured? - Three out of four people told Survation they believed the income gap between those on the highest incomes and those on the lowest incomes in London has increased over the last five years. The majority of people supported the idea of ‘London Fairness Index’ - an index that could to annually test whether London is a “fair” city - with one in five (22%) saying that it was ‘completely necessary’.
Who Owns London’s Property? - According to LFC’s research, over 36,000 properties in London are registered to offshore companies, meaning the identity of the ultimate owner is not publicly known; 76% of people asked believed offshore companies should be required to declare details of their property ownership in London.
The London Fairness Commission and London's Next Mayor - The London Fairness Commission’s recently published report underlined, in their view that London’s future success will be undermined if current problems are not resolved. The commission believes today’s polling demonstrates support of the Commission’s recommendations, which include:
Public disclosure of pay ratio data from companies and public sector bodies based in London
Ensuring companies registered offshore declare details of property ownership
That the future Mayor of London to be given powers of compulsory purchase on land/properties owned by offshore companies who are unwilling to declare the name of the ultimate beneficial owner
Ending so-called Land banking” by taxing land owners in London with planning permission for new homes who refuse to develop their land for longer than 3 years
Chair of the London Fairness Commission, Lord Victor Adebowale commented:
‘London’s future success is at risk if our city is not a ‘fair’ place to work, live and do business. While Londoners do earn more on average than the rest of the UK, the high cost of living, such as housing, transport and childcare, is making the city less fair. There is now a danger that London will become a playground for the super-rich, a treadmill for the middle-classes and a workhouse for the poor.
‘Unless the next Mayor of London takes the fairness of our city seriously, these issues will undermine the long-term success of the Capital. A London Fairness Index provides a way in which we can assess progress towards recovering the balance.’
Addionally, The London Fairness Commission believe their report is the first such work for 125 years - since Charles Booth mapped the levels of wealth and poverty across London in 1889, coining the phrase ‘the poverty line’ in the process - that a special commission has analysed the ‘fairness’ of London.
Chaired by the CEO of Turning Point and crossbencher Lord Victor Adebowale, The London Fairness Commission, c took evidence a wide range of Londoners including experts from business, academia, health and charity sectors over the past year, before reaching its conclusions.
The release of the Final Report was marked by an event at the Deck of the National Theatre which included a ‘job interview’ for candidates for Mayor of London. So who might be London’s new Mayor?
As part of this telephone polling, Survation asked Londoners about their current first and second preference for London Mayoral candidate.