Briton’s work longer and spend more on housing than most developed countries, study finds

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A report has revealed that Britons have to work longer and spend more on housing than most developing countries.

According to the Organisation for Economic Co-Operation and Development report, one in eight UK workers are putting in 50 or more hours a week.

Despite working such long hours, almost a fifth are struggling to pay for bills and domestic goods due to low paying jobs.

In addition, due to the growing cost of housing and the squeeze in cost of living, 12 per cent of Briton’s are facing impossible housing costs.

The UK is also in the bottom third of OECD countries for affordability of housing, working hours and low paid work, according to the How’s Life? Report 2017.

How’s Life? report, which was last published in 2005, ranks the 35 member nations according to it’s population well-being.

However the report did find that the UK beat the OECD average for it’s rate of employment.

74 per cent of British citizens were in work last year in comparison to an average of 67 per cent.

The UK was also found to have a comparatively low rate of killings and good access to social support.

93 per cent of respondents said that they have friends or relatives they could rely on when faced with trouble, compared with an OECD average of 89 per cent.

In total, the country was ranked in the top third of member nations across 15 of the 20 measurement indicators.

Angel Gurria, OECD secretary-general, said: The report provides yet further evidence that the scars of the crisis have not healed.

Many people feel that the benefits unleashed by openness and globalisation are not reaching them and their governments are failing to respond to their needs.

The urgent challenge for policy makers is to find ways to engage effectively with all citizens, work to improve their well-being and help restore their trust.

She continued: We need to ensure that growth and development are truly inclusive and translate into better lives, without leaving anyone behind.

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