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Sadiq Khan Labour MP and London Mayor candidate 2016  said: ‘The cost of rent for most Londoners is unaffordable – forget the cost of buying. More and more Londoners are spending half of their wages on rent, so they’ve got no chance to save a deposit to buy a property. I want to change the way housing works in London. ‘There’s a choice between a mayor that’s going to have business as usual – or a mayor that’s going to challenge developers and have genuinely affordable homes in London – to rent and to buy. ‘I’m going to say to developers – from now on, at least half of all new homes should be genuinely affordable. Either with a social rent, or with a London living rent and for first time buyers. ‘Social rent will be a formula – roughly speaking it will be £120 a week, for those who are lower on the pay scale. ‘London living rent, which will be a third of average earnings in the area. E.g. In Lewisham it’s £2,000, so London living rent would be about £600 per month.’ No to rogue...