A Tory MP earning £77,000-a-year has revealed that he is still living with his parents because he cannot afford to buy a home.
William
Wragg, 28, has admitted that he is part of the 'clipped wing
generation' of graduates who are forced to go home to save a deposit.
Mr
Wragg, a former primary school teacher elected in Hazel Grove, Greater
Manchester, last May, has inadvertently embarrassed his own party by
highlighting the lack of affordable housing - and the punishing cost of
renting.
The
new MP is paid three times more than the average £26,000-a-year UK
salary and can claim expenses for an office and second home in London -
but must pay for their main constituency home themselves.
First-time home buyers need an average deposit of £91,409 to buy a house in London today.
He said: 'I am part of that "boomerang generation" myself. In a few years hopefully I will have saved up enough 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'.
In
a message to the estimated 2.7million people living with parents as
adults he added: 'I know exactly what it is like. I have complete
empathy with people in that position.'
Mr
Wragg, who was born in Stockport where he lives with mother Julie, 54,
and father Peter, 55, in their suburban semi-detached home.
Their son
William graduated with a first in history from the University of
Manchester and was a member of the prestigious Teach First scheme, set
up to attract top graduates into schools.
But he could only afford to rent a flat and admits he wishes he'd gone home sooner to save that deposit.
Speaking
on the Granada Debate show on ITV he said: 'When I think how much I
spent on rent in a flat instead of a mortgage, I think maybe I made the
wrong choice.'
His parents house
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