Tenants in England and Wales spent a whopping £71.5 billion on rent in 2022 – almost the same as the entire forecast Corporation Tax intake.
The record figure was revealed in Hampton’s analysis of the latest census data which also showed that in the last decade the number of households renting privately increased by 151,800 in the 10% most deprived areas of England and Wales, compared to an 80,100 rise in the 10% least deprived areas.