MP unable to afford home, despite £70k salary

Tuesday 16th February 2016 06:29 EST
 
 

A Tory MP raised many eyebrows when he stated that he moved back to his parents' home as he was unable to afford to buy his own, despite earning £74,000 a year. 28-year-old William Wragg, said he is part of a “boomerang generation” of young people who are unable to get onto the property ladder.

The MP for Hazel Grove, who is a former primary school teacher, admits that he was paid “extremely well”, but does not want to spend his life in rented accommodation.

He said that while he worked as a teacher, he could only afford to rent a flat Now he is saving for the deposit to put towards a home of his own.


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