‘Cost of housing’ crunch looms for low-income families, warns Resolution Foundation

Low-income families in the UK are facing a significant increase in housing costs, with a typical two-bedroom household experiencing a £158 weekly shortfall due to rising rents. This "cost of housing" crunch is a major concern, particularly for the over 1.1 million low-income families in rented homes. If the housing allowance freeze is not addressed in the upcoming budget, these families will struggle to afford their housing, leading to potential financial hardship and increased poverty.

Why it matters

The housing allowance freeze is causing a significant shortfall for low-income families, which may lead to increased poverty and decreased consumer spending. The thinktank's warning may prompt the chancellor to reconsider the freeze.

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