Published on Ekklesia (http://www.ekklesia.co.uk)

Home > Inflation could lead to homelessness says Shelter

Inflation could lead to homelessness says Shelter

By agency reporter
15 Feb 2011

Inflation could lead to homelessness for people already struggling to pay their housing costs, the charity Shelter said today.

Inflation could lead to homelessness for people who are already struggling to pay their housing costs, the housing and homelessness charity Shelter said today (15 February).

In response to today’s Consumer Price Index (CPI) report which shows inflation has risen to four per cent, Campbell Robb, Shelter’s Chief Executive said: "This rise in inflation means basic living costs such as food and utility bills are soaring at a time when many people are either having their wages frozen or are losing their jobs.

"People are already desperately struggling, with more than two million so financially stretched they are resorting to credit cards to pay their rent or mortgage. This latest increase will seriously threaten their ability to keep a roof over their head in the coming months."

Robb continued: "We are also very concerned about the additional pressure rising inflation will put on the Bank of England to raise interest rates, potentially pushing almost three million homeowners into a spiral of debt, repossession and possible homelessness."

[Ekk/4]

del.icio.us [1]  Digg it [2]  Tailrank [3]  Reddit [4]  Newsvine [5]  Now Public [6]  Technorati [7]  StumbleUpon [8]  Facebook [9]
Tweet [10]
Keywords: homelessness [11] | housing [12] | interest rates [13] | shelter [14]
Creative Commons License [15]This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 2.0 England & Wales License [15]. Although the views expressed in this article do not necessarily represent the views of Ekklesia, the article may reflect Ekklesia's values. If you use Ekklesia's news briefings please consider making a donation to sponsor Ekklesia's work here [16].
© Copyright 2012. All rights reserved.
Ekklesia   2nd Floor   145-157 St John Street   London   EC1V 4PY
Ekklesia can be contacted on 0845 056 5445
News | Services | Media | Advertise | About | Links | Contact | Daily Email | Webmasters | Join | Shop | Bookshop | Peacenik | Charity Gifts | Charity Christmas Gifts | Adopt an Animal | Sponsor an Animal | Sponsor a Child |
Source URL: http://www.ekklesia.co.uk/node/14156

Links:
[1] http://del.icio.us/post?url=http://www.ekklesia.co.uk/node/14156;title=Inflation could lead to homelessness says Shelter
[2] http://digg.com/submit?phase=2&url=http://www.ekklesia.co.uk/node/14156&title=Inflation could lead to homelessness says Shelter
[3] http://tailrank.com/share/?link_href=http://www.ekklesia.co.uk/node/14156&title=Inflation could lead to homelessness says Shelter
[4] http://reddit.com/submit?url=http://www.ekklesia.co.uk/node/14156;title=Inflation could lead to homelessness says Shelter
[5] http://www.newsvine.com/_wine/save?u=http://www.ekklesia.co.uk/node/14156&h=Inflation could lead to homelessness says Shelter
[6] http://view.nowpublic.com/?src=http://www.ekklesia.co.uk/node/14156
[7] http://www.technorati.com/search/http://www.ekklesia.co.uk/node/14156
[8] http://www.stumbleupon.com/submit?url=http://www.ekklesia.co.uk/node/14156&title=Inflation could lead to homelessness says Shelter
[9] http://www.facebook.com/sharer.php?u=http://www.ekklesia.co.uk/node/14156
[10] https://twitter.com/share
[11] http://www.ekklesia.co.uk/tags/4478
[12] http://www.ekklesia.co.uk/tags/4884
[13] http://www.ekklesia.co.uk/tags/941
[14] http://www.ekklesia.co.uk/tags/6955
[15] http://creativecommons.org/licenses/by-nc-nd/2.0/uk/
[16] http://www.ekklesia.co.uk/about/donate