London Policy Chairman
Federation of Small Businesses
“The cost and availability of housing has rapidly become a significant issue for FSB members with 22 per cent saying that it has had a negative impact on small firms’ ability to recruit and retain staff in the last four years.
"Recognising the challenges facing workers, our research shows 1 in 10 firms say they will look to increase staff wages above and beyond what they would give to staff in bonuses as a result of the housing situation, leaving less money in the pot to take on new employees. It is imperative that we establish a realistic definition of affordable housing based on earnings rather than property market values.”