Two Londons: Bankers Grab £7 billion bonus, Government Forces Families to Move Out of Town

CITY BONUSES will hit more than £7 billion this year, according to a new survey published today, the same day experts predict lower income families will be forced out of central London by government benefit cuts.

“It is like something from the 19th century,” said a London housing official.

The bonus figure, produced by the Centre for Economics and Business Research, is the equivalent of every man, woman and child in Britain handing £100 to a small group of the richest people in the world, a group many blame for the current economic troubles.

Meanwhile, the government has announced plans to hit 50,000 of the country’s least well-off families with a near £100 a week cut to their income, mainly by slashing housing benefit.

For London, this is likely to mean a mass emigration from inner to outer boroughs as people seek cheaper housing.

“I have been in housing for 30 years and I have never seen anything like this in terms of projected population movements,” the anonymous housing official told The Guardian.