Renters across England are currently reaching their "cost of rent day", a stark financial milestone where the equivalent of over four months’ income has been swallowed by rental payments. Campaign groups Generation Rent and the Renters’ Reform Coalition are urging immediate action to "slam the brakes" on surging rental prices. This "cost of rent day" marks the point in the year when, on average, all of a renter’s annual incom e earned to that date has been consumed by payments to their landlord. The calculation correlates the average percentage of income spent on rent with the same proportion of the calendar year. Office for National Statistics (ONS) figures indicate that private renters on a median household income typically spend around 36 per cent of their earnings on an average-priced rented home in England. The financial burden is even more acute in some major cities.…