I wonder: does the inflated house prices only apply to London and other big cities? I suspect so, because judging from a quick look at a real estate website, sub 100K apartments are plenty if you go out of the big city.
It's like those SF natives complaining about Google.
Yes, everyone should have a right to a roof over his/her head.
But NO, you do not get to live in the neighbourhood/city of your choice.
If you cannot afford London, you will have to move out, and either commute in, or get another job.
I've seen this sense of entitlement in Amsterdam where poor people insisted on living in trendy neighbourhoods, and the government complying by handing out rent subsidies. I think rent subsidies should be in kind, not in funds. If you can't afford rent, you do not get to choose in which neighbourhood you get to live. I find it a cheap shot to lay the blame with the iron Lady: typical left-wing knee jerk.