Investing In Council Housing Will Make A Profit For The Taxpayer, Says Corbyn

State investment in council housing can actually make a profit for the taxpayer, Jeremy Corbyn has said. The new Labour leader argued that investment in social housing would drive down the housing benefit bill and thus reduce the amount of money spent on benefits. Speaking to the Labour party’s annual conference in Brighton he cited very low interest rates on government borrowing as an indicator of it being a good time for the state to invest. “Every mainstream economist will tell you that with interest rates so low now is the time for public investment in infrastructure, investment in council housing and for affordable homes to rent and to buy,” he said. Read more n the Independent website.