News

IFS issues frequent press releases and observations and features regularly in online, broadcast and printed media. Staff also write and contribute to news articles.

IFS research staff are happy to speak to the press about the findings of our work. If you are a member of the press and have an enquiry or would like to receive new press releases by email, please contact the Head of public relations, Bonnie Brimstone (020 7291 4818).

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Low-income households increasingly exposed to rent increases

| Press Release

The rented sector is growing. The proportion of people in Great Britain living in private rented accommodation has more than doubled, from 8% in the mid 1990s to 19% in the mid 2010s, while among 25- to 34-year-olds this proportion has trebled from 12% to 37%. Over the same period, average private rents have risen by 33% in real terms. In recent years, low-income tenants have also been affected by substantial cuts to housing benefit (HB), which are currently saving the exchequer around £3 billion per year. The net result is that paying rent now uses up an average of 28% of the (non-HB) income of low-income private renters (defined as those in the bottom 40% of the income distribution in their region). This is up from 21% in the mid 1990s. Reforms in the pipeline mean that, if rents continue to rise, support for housing costs will fall further and further behind the cost of housing.

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Higher inflation means more pain for households from benefit freeze, less gain from £12,500 personal allowance

| Observations

This morning the Office for National Statistics announced that the inflation figure for the year to September.

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IFS analysis of today’s public finance figures

| Public Finance Press Releases

Today the Office for National Statistics and HM Treasury published Public Sector Finances January 2017. We now have details of central government receipts, central government spending, public sector net investment, borrowing and debt for the first ten months of financial year 2016−17.

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