London Mayor Sadiq Khan has warned the housing crisis and sky-rocketing costs faced by private renters pose a threat to the "soul of our city".
In a major speech on Monday Mr Khan said the emergency is turbo-charging inequalities with the capital at risk of becoming a "playground for the rich".
With the average private rent in London now at a staggering £2,500 per month, the London Mayor also repeated his call for the Government to give him powers to freeze rents.