Tuesday, 10 November 2015

Pay MORE To Stay – HA’s Cream The Tenant For £473m Per Year (Minimum)

According to the IFS some 250,000 social tenants will have to pay £3000 more in rent each year.  That is £750,000,000 (£750m) per year.  The bedroom tax affects 456,959 social tenant households at an average £792.48 per year or £362 million per year.  So on those simple numbers we see pay MORE to stay being more than twice as bad as the bedroom tax. Once again the social tenant gets shafted by this Conservative government. Yet the housing association landlord benefits as they keep this excess and additional rent charged whereas the excess from council landlord rents goes back to the Government.  So the housing associations benefit financially – and hugely – from this pay MORE to stay policy and are doing the dirty work for and on behalf of Government! Read more on the Speye blog.

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