Published: 30th Jun 2020

One in five Northerners admit they are worried that they will not be able to afford their rent or mortgage in the future, according to a new survey. The survey conducted by Savanta ComRes for a new IPPR report also found that 15% of northerners said that they have been unable to save most weeks since the UK entered lockdown. Around one in 10 (11%) said they have had to cut back spending on essentials in order to pay the rent or mortgage, and 7% said they had run out of money a week or more before the end of the month. The IPPR report warns that even before the pandemic, 5m people across the UK were facing housing affordability problems. In order to meet the growing housing crisis, the report advocates a new type of social housing called ‘living rent’, which links the level of rent to income. Rather than … (To read the full article, subscribe below)