UK housing crisis sees renters hit hardest by rising bills

Think tank the Resolution Foundation said housing continues to be a “major headwind” in the cost-of-living crisis - (Getty Images)

New data has revealed that renters in the UK are facing a disproportionate increase in living costs compared to homeowners, highlighting the deepening inequalities exacerbated by the ongoing housing crisis.

According to the Office for National Statistics (ONS), inflation for renters surged to 3.6 per cent in the year leading up to March, surpassing all other groups. This figure significantly exceeds the overall inflation rate of 2.6 per cent during the same period, demonstrating the escalating burden of rent on the UK's 5.5 million private tenants.