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Rent prices in Wales increase by 3.4%

Rent prices in Wales have continued to rise throughout the first half of 2016 according to the HomeLet Rental Index.

Renters in Wales are on average paying an extra £20 a month compared to 2015.

Compared to other parts of the UK, renters in Wales have seen a more modest increase. Average rent in the UK (excluding greater London) increased by £26 a month in the same period.

The June HomeLet Rental Index shows that the rental market remains resilient in the face of the various economic and political headwinds the sector has faced recently. Landlords are continuing to secure rental growth whilst there are some early signs of affordability criteria beginning to bear on the rates of rental price growth.

– Martin Totty, Barbon Insurance Group Chief Executive Officer


Action for Children: 'Parents forced to seek financial help'

One in ten parents in Wales say they're comfortable asking for help with money problems.

The figures come from a survey by Action for Children.

But according to the charity, that's not necessarily good news.

Although it appears encouraging that parents in Wales are more willing to seek out financial advice rather than their counterparts in England, these results reflect the greater need for financial assistance across the nation.

Wales has some of the highest levels of poverty and deprivation in the UK, and we believe that Welsh parents are being forced to seek financial help out of necessity, rather than out of choice.

– Brigitte Gater, Action for Children / Gweithredu dros blant


Parents in Wales least ashamed to ask for financial help

The figures come from charity 'Action for Children' Credit: ITV Wales News

Just 1 out of every 10 parents in Wales feel ashamed asking for help with money problems.

According to a survey by Action for Children, that's less than the UK average, where 1 in 5 feel embarrassed to seek financial help.

The survey of more than 2,000 parents across the UK also found one in three (28%) of parents in Wales had asked for advice about personal finances or debt, compared with one in four (24%) of parents in England.

Despite the results the charity says Wales has some of the highest levels of poverty and deprivation in the UK.