The coronavirus crisis is leaving 1.7 million private renters facing losing their job in the next three months, leaving them open to “spiralling debt, poverty and eviction” once protection against the latter ends.
A new YouGov poll, commissioned by Shelter, revealed that one in five renters in England say they are likely to become unemployed.
Since the government announce its employee retention scheme, almost one in four renters have seen their incomes drop or lost their jobs due to the Covid-19 lockdown.
And many have limited reserves – two million people in private rented properties say they won’t be able to pay their rent if they lose their job.
New Universal Credit claims over the past four weeks have reportedly risen to 1.4 million. This is unprecedented, though encouragingly the pace of the initial surge claims is slowing. Still a huge job to get payments out – well done @DWP officials for working flat out on this. pic.twitter.com/UWLukqmAmu
— Resolution Foundation (@resfoundation) April 16, 2020
It’s a situation that some Big Issue vendors who are renting will be facing after we were forced to temporarily halt sales on the street. That’s why we are working to support vendors and switched temporarily to a subscriber model, as well as selling in stores, so we can help vendors with an income to cover their bills.