Soaring rents and a post-Brexit rise in unemployment
could create a ‘toxic cocktail’ for millions of working renters because of
large gaps in the housing benefit ‘safety net’, according to ‘Renters At Risk’,
a new report by Royal London. The report found millions of workers renters
could find that housing benefit would not cover the full cost of their rent in
the event of losing their job. Based on the Government’s 2013/14 Family
Resources Survey, the report found 5.5 million working renters would be at risk
of losing their home due to gaps in the housing benefit ‘safety net’, up from 2
million in 2003/04. Download the report from the Royal London website.
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