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06.01 - 17:31
Five million families in England face big social housing rent hike, warns thinktank
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theguardian.comAlmost 5 million families in social housing in England are facing the biggest rent hike for a decade from April amid a mounting cost of living squeeze, according to a report.
The Resolution Foundation thinktank said 4.75 million families would see rent on their local authority or housing association home rise by up to 4.1%, adding to the pressure on living costs by an average £202 extra a year.
It warned the increase would coincide with significant tax rises planned by the government to come in from April and a further jump in household utility bills when Ofgem’s consumer energy price cap is raised. The Bank of England also forecasts inflation will peak at about 6% the same month, the highest level since 1992.
“Rising social rents on top of
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