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August 15th, 2014 
FAKE NEWS for the Zionist agenda A UK report says 1.6 million British households are forced to spend more than half of their disposable income on housing, amid rising rental costs and increasing household debt.
British think tank, the Resolution Foundation, released the report on Friday, saying a majority, or almost one million, are working households, where occupants are paying over half of their income on rent or mortgage.
According to Laura Gardiner, an analyst who carried out the research, the working occupants receive either low or middle incomes, “leaving little left over after housing costs to spend on other essentials.”
This is while the remaining 600,000 so-called “housing pinched” households are either retired or jobless.
Gardiner also raised concerns over the ability of the housing pinched households “to absorb additional pressure on their household budgets from higher mortgage payments and rents,” warning that more British households will be forced in the near future to pay more than half of their incomes for housing.
“It is vital that more money is invested in the supply of new housing in order to drive down costs, otherwise we can expect to see a steady rise in the number of households that are ‘housing pinched’ over the coming years,” said Gardiner.
The rising number of housing pinched households comes amid rising rental costs and increasing household debt in the UK.
A report by LSL Property Services has revealed that the average monthly rent across England and Wales rose by two percent in the 12 months to July. The average rent now stands at 753 pounds per calendar month.
This is while a separate report by the financial research firm Verum has shown that UK’s total household debt quadrupled from 1990 to 2013 from 347 billion pounds to 1.4 trillion pounds.
CAH/AB/SS
Source Article from http://www.presstv.ir/detail/2014/08/15/375400/16mn-brits-struggle-with-home-costs/
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