‘London’s Overthrow’ by China Miéville
We’re approaching Victorian levels of inequality, and London’s more unequal than anywhere else in the country. Here, the richest 10 percent hold two thirds of all wealth, the poorest half, one 20th. A fifth of working residents in the London boroughs of Brent, Newham, Waltham Forest, Barking and Dagenham earn less than a living wage. Unemployment in the city is above 400,000, and rising. Almost a quarter of young Londoners are out of work. A wrenching 40 percent of London children live in poverty.