Housing Benefit Bill Set To Double As More OAPs Rent Through Retirement

Taxpayers face a multi-billion pound bill as they try to keep a roof over the heads of more middle-aged and older renters priced out of the property market. Soaring house prices have left many middle-aged renters without a chance of getting on the property ladder. The proportion of people in the 35-44 age group privately renting has doubled from 13 per cent in 2007 to 26 per cent last year, the Office for National Statistics said. The percentage of 45 to 54-year-olds renting rose from 8 per cent to 14 per cent over the same period. Failure to tackle the housing crisis will push the housing benefit bill up to £16bn by 2060. Read more on the Politics Home website.

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