According to a new report by Shelter, released today, private rented sector rents are unaffordable for average earners in over half of local authorities. Southampton highlighted as 46% of all two-bed private rent homes being unaffordable based on a median full-time take-home pay.
In the last five years, the number of people renting privately has increased by almost 40% across the UK. Shelter acknowledge that it’s not just students and young professionals who rent: there are now more than a million households with children who rent privately – almost a third of the whole sector.
We need more affordable homes to rent and that’s why John Denham MP is calling on the Tory-led Government to tax bankers bonuses, which would produce the funding to build an extra 25,000 houses and, at the same time, create jobs for construction workers.
Mr Denham said:
“I’m deeply concerned about what this means for families who are struggling to pay the bills and make ends meet with rising prices. This report highlights the need for more affordable homes right here in Southampton, because there are families out there who are really struggling at the moment. We need action now and Labour’s plan for a tax on bankers bonuses would really help to achieve this”.