Recent data from the Office for National Statistics (ONS) reveals that renters in Reading are facing steep rent increases, with housing costs consuming 40% of their income.
The ONS reports that Reading residents are among the hardest hit by rising housing costs in England and Wales. Not only are more households experiencing rent hikes, but these increases are also among the highest.
This situation follows a series of broken Conservative party promises on housing, including the failure to build 200,000 promised starter homes, to abolish unfair evictions, and to replace homes lost to Right to Buy.
Liberal Democrat candidate for Reading Central, Henry Wright, said:
“These figures only confirm what so many people in Reading are struggling with on a month by month basis – the cost of housing is already too high and rises show no sign of slowing.
“The Conservative government’s record of failure in this area is clear – failure on leasehold reform, failure on rent reform and failure to keep mortgage prices in check
“I am clear that the only way out of this crisis is to build more homes, and ensure more of what we do build is affordable. The Conservative party has failed on housing and the General Election provides an opportunity to vote for a liberal pro-housing alternative.”
You must be logged in to post a comment Login