Opinion: Our plan to tackle the housing crisis
PUBLISHED: 08:00 18 August 2019
A new House of Commons analysis has highlighted over two million private renting households in England currently pay more than a third of their income in rent.
Research from charities such as Shelter suggests that those spending over a third of income on rent may have a lower quality of life and it significantly reduces the ability to save for the future.
Under the Tories the building of homes for affordable home ownership has fallen to a 27-year low and the number of new social rented homes has fallen by over 80pc.
Under the last Labour government, we were building 30,000 more socially rented homes each year. The Tories are making it harder for families to meet rising housing costs and their restrictions make it impossible to build the homes we desperately need to tackle the housing crisis.
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In London 68pc of private renters currently spend over a third of their income on rent, that is a colossal 709,000 households. In Havering average rents have increased from £919 in 2013-14 to £1131 in the last financial year. That's an increase of £212 (23pc).
There is a lot of planned development coming to Havering in the next few years, and it is important the council and developers are building local homes for local people - not pricing existing communities.
After nine years of failure under three prime ministers, the Conservatives still have no plan to fix the housing crisis gripping the country.
This week Labour has pledged to build a million affordable homes over 10 years including homes for living rent; linked to a third of average local household incomes. These will be accessible to residents on ordinary incomes and young families, giving them a bit more for the things they need and the ability to save for a deposit.
Labour has a plan.