Thousands grapple to secure homes as England housing crisis bites

Updated 12 April 2018
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Thousands grapple to secure homes as England housing crisis bites

LONDON: More than 100,000 households in England could be living in bed and breakfast accommodation and hostels by 2020 due to a critical housing shortage, a study showed on Thursday.

The report by charity group Crisis and the Joseph Rowntree Foundation (JFR) said current trends indicated the crisis would get worse as local councils battled to find homes for those in need.

It said 78,000 homeless households were in temporary accommodation so far in 2018, with Britain experiencing a housing crisis as homebuilding has declined since the 1970s, driving up property prices faster than wages.

“High housing costs, low pay and insecure work are locking people in poverty restricting their choices: with councils finding it harder to help, more families are being forced into temporary accommodation,” JRF Chief Executive Campbell Robb said in a statement.

Government data shows about one in six properties in England, or 4 million homes, are social housing, a figure that has stagnated for a decade.

The Crisis and JFR report, which is published each year, said 70 percent of local councils said they struggled to find social housing for homeless people last year.

About 89 percent of local authorities surveyed said they had also found it difficult to secure private rented accommodation with more landlords not wanting to rent to people on welfare.

“It is pretty much impossible to access the private rental sector. The cost of doing so is prohibitive and the solution is unsustainable because of the massive disparity between LHA (local housing allowance) rates and market rent,” one council in the Midlands said in the report.

Sleeping on the streets – or rough sleeping – has risen in England for seven consecutive years, according to government figures, with more than 1,000 homeless in London and more than 4,100 nationally, a 134 percent jump since 2010.

Britain’s parliament last year passed the Homelessness Reduction Act, which was designed to ensure that local councils increased obligations toward homeless people.

The government has set an ambitious target of building 300,000 new homes a year by the mid-2020s.


Closing Bell: Saudi main index slips to close at 11,228 

Updated 15 February 2026
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Closing Bell: Saudi main index slips to close at 11,228 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64. 

The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.    

On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.    

The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.     

The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.  

Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.   

Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56. 

Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55. 

Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34. 

On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier. 

The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.  

Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent. 

United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent. 

Tas’heel ended the session at SR146.80, down 0.28 percent.