Archive for November, 2014

The Hidden Costs of Renting

Posted: November 9, 2014 in Uncategorized

For those who don’t rent, they may think the only costs are rent and perhaps a damage deposit. However, a whole grey area of fees and charges has emerged. These mask the real costs of renting, and also mean that it is harder for tenants to get somewhere to live as there are high front-loaded fees.

“Renting is getting more expensive in the UK. The landlord lobby points to ‘below-inflation’ average rises in rent, but these are deceptive. Average rises mask big variations in the real rents being charged, nor is ‘rent’ the only cost that tenants must pay. So, let’s talk about the other costs of renting.”

Read the full article here.

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Ever since the introduction of the Minimum Wage, there has been a massive debate over the impact of raising wages. The minimum wage was never intended to be the standard wage for whole sectors of the economy, and yet that’s what it has become. I helped a fellow Living Wage campaigner write up some thoughts on why a £10 minimum wage would be a good thing.

“On the September 4th Green Party Leader Natalie Bennett announced that her party would campaign for a £10 minimum wage at the next election. It’s a radical policy compared to Ed Miliband’s £8; if the Minimum Wage keeps pace with inflation, and if inflation averages 3%, then Labour’s offer is barely more than an inflation plus 1% extra per year until 2020. The Green Party’s proposal is significantly, eye-catchingly, higher – but is it a sensible or defendible policy?”

Read the full article here.