Liz Truss’s new government and the monarchy under King Charles III will be faced with a raft of social and economic problems. 🏠 The cost of housing is, as ever, at the centre of it all. 📨 Read Victoria_Spratt's newsletter here ⤵️
their decision on whether to rase the base rate again following the news of the Queen’s death, but they are set to announce their next move on Thursday.in interest rates could be coming which would mean that anyone on a tracker mortgage and anyone who is due to see their fixed rate come to an end shortly, could experience an increase to their monthly repayments to the tune of hundreds of pounds a year.hike this week, that will take the base rate to 2.5 per cent.
Nonetheless, all told, housing costs are turning the screws for everyone and will likely continue to do so in months to come. The housing at Poundbury is a mixture of tenures. There are homes which are privately owned and there is also affordable housing: 35% of homes being built are affordable housing for rent, shared ownership or discounted to open market sale, according to the development’sPoundbury is currently home to more than 4,000 people with another 2,000 working in the shops, offices, factories and restaurants in the area.
As ever, low-income private renters and younger renters are worst affected. The Resolution Foundation said that this demographic have experienced the greatest decrease in space, losing three times more than high-income renters , while 25-34-year-olds have the smallest average space per person at just 30m².The housing crisis is far-reaching and there is almost nobody in this country who isn’t affected in some way. I’d love to hear from you about your housing situation.
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