Britain’s housing benefits bill to hit record £38.8bn as Labour set to fall short on 300,000 building target

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Britain's housing benefits bill to hit record £38.8bn as Labour set to fall short on 300,000 building target.

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Britain's housing benefits bill is forecast to reach a record £38.8billion in 2026-27 as soaring rents and a chronic shortage of homes force millions more people to rely on state support.Department for Work and Pensions (DWP) forecasts show the figure will mark the highest level in real terms since records began in 1970.Taxpayer spending on housing support is set to rise by a further £913million this year alone.A record 5.95 million people across England, Wales and Scotland are expected to receive housing support this year, representing an increase of 1.2 million since 2019-20.

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TRENDING Stories Videos Your Say The figures highlight the mounting pressure facing households struggling to secure affordable accommodation without Government assistance.Private sector rents have surged by 35 per cent since the pandemic, according to Office for National Statistics data.Sir Keir Starmer's manifesto pledge to build 1.5 million homes during this parliament is also facing growing scrutiny as...

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