Inflation is at 0.6%
Private sector rent is up 1.4%
Millions of workers will soon be getting a pay freeze.
We need to cap rents, not benefits
Private sector rent is up 1.4%
Millions of workers will soon be getting a pay freeze.
We need to cap rents, not benefits
And worse is seemingly to come:
According to @ONS today:
"rental growth expectations for the coming three months strengthened slightly, with contributors across virtually all parts of the UK envisaging rents rising over the near term"
According to @ONS today:
"rental growth expectations for the coming three months strengthened slightly, with contributors across virtually all parts of the UK envisaging rents rising over the near term"
Even worse news for those renters hoping one day to buy:
https://twitter.com/ONS/status/1351824654747492352?s=20
This is a consequence of Rishi Sunak's £4 billion stamp duty tax cut.
Imagine how much good that money could have done in raising living standards for those on the lowest income or investing in social care ... Instead it has subsidised more buy-to-let landlords
Imagine how much good that money could have done in raising living standards for those on the lowest income or investing in social care ... Instead it has subsidised more buy-to-let landlords
Grim milestone passed:
"London’s average house price surpassed £500,000 for the first time in November 2020"
London house prices rose by nearly 10% in the last year (9.7%)
"London’s average house price surpassed £500,000 for the first time in November 2020"
London house prices rose by nearly 10% in the last year (9.7%)
London house prices are now c.70% above the 2007 'peak' before the banking crash.
For comparison, average wages are about the same.
For comparison, average wages are about the same.
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