Wealthy investors snap up the bulk of demolished council estates in London : Socialist Worker

SUBSTRATUMS

Southwark council is trying to redevelop huge swathes of Elephant and Castle in south London

Southwark council is trying to redevelop huge swathes of Elephant and Castle in south London (Pic: Thomas Nugent/geograph.org.uk)


The movement against the demolition of London estates took important steps forward last week.

Over 100 people joined a meeting in Haringey, north London, against the redevelopment of seven estates in the Labour-run borough. It was an angry meeting—and for good reason.

One speaker told the meeting, “Plans to demolish the Broadwater Farm estate in Tottenham began after the riots in 2011. This isn’t just about changing the houses, it’s about changing the people.”

At previous meetings council officers claimed that people won’t be forced out. But local residents, tenants and activists are fighting the threat of thousands of people losing their homes.

In February the council voted to enter into a 50-50 partnership with property developer Lendlease.

Overcharged

The firm was sued by New York City for some £43 million after…

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