Tory MP moves back in with parents, says he can't afford rent

A Tory MP has moved back in with his parents, because he can't afford to buy a home. William Wragg, who earns £74,000 a year, says he couldn't save for a house whilst renting, and has been forced to move back in with his mum and dad until he has saved up enough to buy a house - despite earning a massive salary and being given an MPs London living allowance, to rent whilst in London.

"I know exactly what it's like"
William, MP for Hazel Grove, Greater Manchester, says he is part of the "clipped wing generation" of graduates who are forced to live with their parents into their 30s in order to save for a deposit.

"I'm extremely well paid, don't get me wrong. It is not wage related but I do need a few years at home to save a deposit."

"I know exactly what it is like. I have complete empathy with people in that position."

Mr Wragg earns more than 90% of people his age, according to salary comparison site Salary Graph.

So far in 2016, William Wragg has earned £7835.78 from his MP salary. It's not even Valentines Day.

"Wrong choice"

William - or Billy for short - graduated with a first in History from Manchester, and became a teacher before later becoming an MP. He blames poor choices, rather than sky high rents and unaffordable homes for his situation

"When I think how much I spent on rent in a flat instead of a mortgage, I think maybe I made the wrong choice." He told ITV.

2.8 million people between 20 and 34 are currently living with their parents, according to the National Office of Statistics. William has not commented whether all these people also made "poor choices" or whether it indicates an unaffordable rent and housing problem in the UK.

Mr Wragg, pictured here besides Mr Cameron doing some hand waggling.

A quarter of all adults aged between 20 and 34 in the UK are still living with their parents. The Tory MP has moved back in with his mum Julia, 54, and father Peter, 55 in their semi-detached home.

Conservatives have criticised Mr Wragg for drawing attention to the problem. Critics say the story either highlights that rents are so unaffordable even people on high figure salaries can't afford to rent and save at the same time, or that Mr Wragg shouldn't complain when he earns more than 90% of the population, as it shows just how out of touch he and the Conservatives are.

Labour housing spokesman John Healey said the Tory MP's case highlights the party's problems, telling the London Evening Standard:

"He is part of a generation for whom home ownership is in freefall."

"This is a generation of people who are often on good middle incomes but who still find the dream of home ownership is out of reach."