It could be seen as ironic that London, despite being one of the richest cities in the world, has the highest rate of poverty in the UK. According to Capital Gains, a report published last week by the London Child Poverty Commission (LCPC), 41 per cent of children in London live below the poverty threshold - which is defined as 60 per cent of median income - compared with a UK average of 29 per cent.
The problem is worse in inner London where half of all children live in poverty.
Carey Oppenheim, chair of the LCPC, says: "In London it is not just that child poverty rates are higher than elsewhere in the country. Families are more likely to be deeper in poverty, more likely to be without a job, to have fewer choices about their housing and to face multiple disadvantages."
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