Bedroom Tax Is Creating a False Economy

The ‘bedroom tax’ is creating a “false economy” that is harming local growth Wakefield and District Housing’s (WDH’s) chief executive Kevin Dodd has warned.  The northern economy has put forward a more workable solution in local job creation schemes he said which can save the Treasury almost twice as much each year as the spare room subsidy. “WDH invest £3 million each year in employment initiatives, as it is good business to reduce benefit dependency. Last year over 300 people have been found employment opportunities by WDH, which is over 25 people per month. Work such as this by registered providers is pro-rata, on a par, or better than the Government’s ‘Work Programme’ targets on a regular basis,” said Dodd.  “Having more local people in work saves the Treasury nearly £6 million a year, which in turn boosts the local economy by around £18 million a year just in the Wakefield district.”  Read more on the Housing Excellence website.