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Private Rented Sector

Part of the debate – in Westminster Hall at 4:00 pm on 17th March 2020.

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Photo of Tulip Siddiq Tulip Siddiq Labour, Hampstead and Kilburn 4:00 pm, 17th March 2020

I will come to the link between local housing allowance rents and rental growth later, but I thoroughly agree with my right hon. Friend that because the link has been broken, people are put at risk of eviction and eventually homelessness. He will know that more than ever, representing a London constituency, where there are serious problems with overcrowding—I know his constituency well.

We have seen a dramatic growth in rents in the last decade. The average private rent is an astonishing £4,500 more than it was in 2010. That is how much it has accelerated in the last 10 years and here are some of the results. Some 30% of tenants now struggle to pay rent; over a quarter of London renters spend more than half their wages on rent alone; one in three older renters lives in poverty after rent has been paid; and it is no wonder that 60% of renting families say they are just one pay cheque away from losing their home.