London students are refusing to pay rent until this demand is met

LONDON — Around 150 students at University College of London are refusing to pay the "soaring" rent until their demands for a 40 percent decrease are met.

The group UCL, Cut the Rent declared the strike yesterday on its Facebook page. The students say they are collectively withholding £250,000 ($356,343) from the university.

See also: £500-a-month London rental would give Harry Potter nightmares

London's rent prices are the stuff of much Internet incredulity, with the most outrageous examples of tiny rooms and large rents provoking much scorn. Residential rents have risen by an average 5.3 percent each year since 2011, Reuters reports, with the median monthly rent now at £1,400. Read more...

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Source: Mashable.com