Homes are at risk
The Covid pandemic has caused a steep drop in income for millions of households because of the public health restrictions and economic impact of the pandemic.
This financial strain has continued to grow as the pandemic has worn on, causing millions of households who were managing before the pandemic to fall into real financial difficulty.
Private renters have been disproportionately affected by the pandemic and over half have experienced a drop in income.
People will struggle to recover as their spiralling debt risks causing hardship and damage well beyond the direct financial impact, including:
- Mental illness
- Negative credit ratings
- Prolonged housing insecurity
The inevitable struggle to recover will result in an increase in public spending on re-housing people, supporting mental health and supporting financial recovery.
What's the solution?
We’re calling on the Government for:
- Emergency financial support to help people pay rent arrears
- The £20 cut to Universal Credit to be scrapped
We have joined with other organisations to propose how a scheme could be delivered by the UK Government.