Housing is the subject of much political and media attention – but commentary focuses primarily on rising house prices and declining home ownership. Our research looks at housing costs as a proportion of income over time. This slide pack is the precursor to a report that will be published shortly.
- If a couple household with 1 child was paying the same proportion of their income in housing costs today as they did in the early 1990s, they would be £1500 p.a. better off
- Equivalent to a 10% rise in the basic rate of tax
- London and Scotland equivalent to 13% rise in basic rate of tax
- The wedge that has opened up between incomes and housing costs does not look set to shrink