Housing associations are a bit like Network Rail. They
are what Tony Blair christened his ‘Third Way’ between capitalism and
socialism, in the hope they would combine the best elements of both. Instead,
they combine some of the worst: public sector lethargy and private sector
greed. According to a forthcoming investigation by Channel 4 News, 40 housing
association executives are paid more than the Prime Minister for managing a
pile of ex-council houses given to them on a plate and which were once managed
by a clerk of works and a team of rent-collectors on no more than £30,000 a
year. David Cameron’s government is making life a little harder for these
associations, and, not surprisingly, they don’t like it. Read more on the
Spectator website.
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