We returned this week with a great discussion where we looked at the recent Resolution Foundation briefing note for the Health Foundation that looks at pressures on family pay, prices, and properties and the corresponding burdens on it brings to local authority budgets. There is a cyclic pressure of more hard-pressed families turning to equally…
Category: Housing Market
Jan 1 2024 Revenues and Benefits Update Pack
Happy New Year. I wanted to drop you a quick message during our holiday break. I’ve prepared a pack with the latest updates on revenues and benefits, covering what’s been happening with council finances and recent developments from the last couple of weeks. There’s some positive news about the funding settlement, although it still doesn’t…
The UK Inflation Landscape: A Fragile Equilibrium and Looming Energy Bill Concerns
The UK’s inflation scenario presents a complex picture of stability amidst volatility, marked by continued price rises at a consistent rate and significant contributions from persistent high petrol and diesel costs. Notably, for the first time since September 2021, food and non-alcoholic drink prices have shown a decrease, including specific declines in the prices of…
Storms Exacerbate the UK Housing Crisis
The United Kingdom’s housing crisis, characterized by a shortage of affordable homes, skyrocketing prices, and rising homelessness, faces an additional relentless challenge: the increasing severity and frequency of storms. As the climate crisis escalates, the impact of adverse weather events on the already strained housing sector is becoming more acute, further complicating the lives of…
Monday Discussion Group 30/10/23: Jobs and Rental markets: The Ignored Crisis Part One
This week, our Monday Revenues and Benefits Discussion Group had an important discussion about two connected issues. First, we talked about the job market. Paul Howarth shared insights about changes in how the Office of National Statistics (ONS) collects and reports on job market data and what it means for us. The key point to…
The Escalating Crisis of Homeless Relocations: Why Councils Need to Rethink Their Strategies
A Crisis Bigger Than We Thought Recent data unearthed by a Freedom of Information (FoI) request, backed by research from Nottingham University and The Guardian, has set off alarm bells across England. The issue at hand is the concerning rate at which councils are relocating homeless families—often hundreds of miles away from their original homes….
The UK Housing Market: Resilience Amid Challenges, but at What Cost?
A Look into the Pressure Points of the UK Housing Sector Subdued Prices and Market Resilience The UK housing market has displayed resilience amid economic challenges. According to Kim Kinnaird, Director of Halifax Mortgages, the market saw a modest dip of 0.3% in July, which is the fourth consecutive monthly decrease. Despite these drops, house…