MIDDLE CLASSES FACE RUIN AND HOMELESSNESS

This article is courtesy of Express.co.uk

THE squeeze on the middle classes is leading to mortgage arrears, repossessions and homelessness among skilled workers such as solicitors and farmers.

Teaching and IT professionals were part of an eight per cent rise in rough sleepers in London in the last year according to charity Broadway and the Greater London Authority.

Projected figures from the Council of Mortgage Lenders suggest that the number of repossessions will rise from 40,000 this year to 45,000 in 2012.

John Bird, co-founder and editor of the Big Issue magazine, said: “Increasing numbers of skilled people are finding themselves at risk of homelessness.

“We have been approached by everyone from farmers to solicitors, all looking for the opportunity to earn and avoid the benefit trap.” The charity has relaxed its rules for magazine sellers to include unemployed people in danger of losing their homes, as well as people sleeping rough. READ MORE


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