Resolution Foundation – Shortage of Housing Equivalent of 10p on Tax

FT

While in 1995 the average two-income household with one child spent 17 per cent of their income on housing costs, by 2015 that had risen to 21 per cent, according to the Resolution Foundation analysis. This equates to £1,500 a year or 10p on the basic rate, the think-tank estimates.

There are sharp regional and income variations. For lower and middle income households, the share of income spent on housing has increased from 18 per cent to 26 per cent over this period, whereas higher income households have seen a smaller rise from 14 per cent to 18 per cent.

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