Monday, October 22, 2012
But inflation is under control right?
The number of working households forced to rely on housing benefit since the recession began in 2008 has doubled â€“ a trend that will lead to a million earners being dependent on welfare to keep a roof over their heads by the next election, according to a report. As private rents rise faster than wages, another 10,000 working people a month need housing benefit to afford their rent. By the next election, the study warns, 1.2 million "strivers" will only be able to stay in their homes through welfare payments. The federation's analysis is that housing is becoming unaffordable as supply is outpaced by demand. The number of households in Britain is growing three times as fast as the number of homes being built.