Generation Rent Hit By A New Surge In Prices

Private rent prices paid by Generation Rent have continued to soar faster than wages and inflation, new data out today has revealed. Across Britain, tenants paid 2.6 per cent more in the 12 months to January 2016 - a notch up from the 2.5 per cent figure recorded by the Office for National Statistics a month earlier. Wages grew by only 2 per cent in the last three months of last year, while CPI inflation remains at a rock bottom 0.3 per cent. Rents have now risen steadily for five years across Britain, according to the ONS data. Read more on the Daily Mail website.