The first comprehensive study of drinking habits among young people in the capital, carried out by the London Assembly Health and Public Services Committee, also revealed:
The committee has made a total of nine recommendations for tackling the problem.
These include calling on London mayor Boris Johnson, as well as local authority leaders, to focus more effort on the issue.
The committee also calls on the Department for Children, Schools and Families (DCSF) to run a Frank campaign around alcohol and ensure alcohol education forms part of the mandatory personal, social and health education curriculum.
James Cleverly, chair of the London Assembly Health and Public Services Committee, said: "We hope this report will highlight the problem, as well as outlining a set of recommendations that will help young Londoners stay safe with alcohol and to ensure this issue is given the priority it deserves."
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