The Tory-driven cost of living crisis is still ravaging the UK. Inflation is still high, wages still low and the cost of necessities like food and energy keep rising. The single cost that is rising the most for the average person though, is rent and mortgages. In August 2023 rent prices increased 12%. If you exclude London where rent costs have totally spiralled out of control, the average renter spends 24% of their weekly income on rent alone. This is far more than homeowners spend on their mortgages. That does not mean that homeowners aren’t also having to pay more on their mortgages due to increasing inflation and high mortgage rates. In Nottingham more residents rent than own their own property, meaning that skyrocketing rents affect more people.
Regarding the recent publication of a residential property tribunal judgement Portfolio Holder for Housing and Human Resources Councillor Toby Neal has said:
“ I am astonished at the contribution from the tribunal, one I believe to be outside its remit. There seems to be a fundamental misunderstanding of the law which is especially surprising given that the rules around Selective Licensing schemes are clear and long-standing.
We have approved £8.4 million worth of sprinkler installations and other safety measures in 13 high rise blocks in Nottingham City, despite the government breaking… Read More »Nottingham Labour approves fire sprinkler works despite governments broken promise on funding