Tuesday, 16 July 2013

Rent 'Unaffordable' For Low-Income Families in Third of UK

A third of Britain is effectively off-limits to lower-income working families because private rents are unaffordable, a new report from the Resolution Foundation claims.  It says most of southern England is now beyond the reach of less affluent households.  The Home Truths report identifies local authorities that are "affordable" for a couple with a child requiring a two-bedroom property on a household income of £22,000 a year. Affordable is defined as a rent that is no more than 35% of net household income. On that basis, 125 of 376 local authorities in Britain (33%) are unaffordable for less-affluent working families. The housing minister said the report was "factually flawed" and failed to take housing benefit into account. Download  a copy of the report from the Resolution Foundation website.

No comments: