It sounds like a utopia.
Unfortunately:
- Newham had the second highest child poverty rate across London (41%) and the highest proportion of children in working families receiving tax credits (44%).
- Newham had one of the highest unemployment rates in London (8.6%), while more than a third of residents who were employees were low paid (35%), the highest rate in London. The proportion of jobs that are low paid was also high (29%).
- Newham had the highest rate of overcrowding (25%) and of households in temporary accommodation (28.5 per 1,000 households) of all London boroughs. It also had one of the highest rates of homelessness acceptances, which had grown from 1.1 to 7.9 per 1,000 households.
- Newham has one of the highest ratios of pay inequality across London, but a low proportion of benefit claimants living in the most deprived areas. This suggests that while there is a significant degree of inequality between the poorest and richest households, there is less spatial segregation of households along these lines than in other parts of London.
http://www.londonspovertyprofile.org.uk/indicators/boroughs/newham/