There might be a welcome reprieve from rate hikes – for now – but Britain’s precarious housing market has become near-impossible for a growing number of people to survive in.
, a senior economist at the Joseph Rowntree Foundation – told me: “Inflation falling just means that prices are going up more slowly than before. They’re still going up – food inflation remains at 13.6 per cent which is absolutely enormous.”
“Renters are seeing asking rents go up by 30 per cent across the country and every month we are seeing rents hit new record highs – this group are not only having to endure the cost of living but the housing cost increases and big risks of eviction.”
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