BRITAIN’S “expensive, cramped and ageing” housing stock offers the worst value for money among advanced economies, a Resolution Foundation report said today.

Households are paying more than other countries but getting less in return, the think tank said, having analysed data from the Organisation for Economic Co-operation and Development.

The foundation said that while there is “limited cross-national data” on floorspace, homes in England have less average floorspace per person than many similar countries, including the United States, Germany, France and Japan.