The true nature of Osborne’s recovery: £1.4m front door homes for the rich ( marketed overseas) and 70 back door homes for London’s poor. ( the rich will need servants to live somewhere near). See Jules Birch’s blog on the marketing and history of the development. Those living in social housing are actually BANNED from using the posh front. entrance. A new apartheid?
(not satire – it’s George Osborne!)
George Osborne chose a new housing development in London yesterday to give his speech on how the economy is ‘turning the corner’.
The chancellor said the development – One Commercial Street – was “a physical reminder” of what has been happening to the economy.
Well, he’s certainly right about that.
Because the cheapest private apartments for sale at One Commercial Street start at £750,000 with penthouse suites costing millions.
And the 70 units which have been sold to a housing association – included because of Section 106 affordable housing requirements – will be in a separate part of the building and will have a completely separate entrance round the corner and well out of sight of the exclusive entrance used by the well-heeled, mainly foreign private tenants.
Yes – Osborne’s absolutely right about One Commercial Street being a physical reminder of the economy.
A rich minority living lives…
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