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Housing Benefit Cuts Postponed

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Telegraph

Iain Duncan Smith will this week announce that families will not lose large chunks of their housing benefit from April next year, as first announced, but will, in fact, have until the following year to arrange somewhere cheaper to live.

The Work and Pensions Secretary will make the concession this week, as part of moves to head off possible protests about the clampdown, which will see housing benefit payments capped at £400 a week.

It is understood senior Liberal Democrat members of the Coalition demanded the concessions to avoid the possibility of protests next April, which could have fuelled a damaging political row just before the May local elections.

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You wiil never beat the system.

Too many wealthy reliant on this..............Anecdotal a colleague, Asian lad, 36, has 0ver a million and a half in mortgaged property all rented to DSS, in the Midlands, his yield is 3% profit after costs all paid for by the tax payer. He makes £40k per annum profit without capital appreciation in his assets.................

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A timely reminder that very little of the coalition plans are on the statute book.

And a nod to the coalition realisation of what they are unleashing. What sectors of society would be likely to protest about such cuts? A combination of VIs and nasty bastards from the less desirable sections of society - political dynamite.

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You wiil never beat the system.

Too many wealthy reliant on this..............Anecdotal a colleague, Asian lad, 36, has 0ver a million and a half in mortgaged property all rented to DSS, in the Midlands, his yield is 3% profit after costs all paid for by the tax payer. He makes £40k per annum profit without capital appreciation in his assets.................

On that many properties he'll lose more than £40 p/a once house prices start to slide. What's the betting it's all interest only?

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Nice to see that the Coalition are putting the national interest before short term electoral advantage.

Won't it mean the cuts if they do come will be closer to elections?

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The visible signs of loss of political will to deal with the Country’s fiscal mess should come at just the time that pressure starts on our bond issues, will there be any funds left to bail UK Plc out?

Every time that our erstwhile leaders duck these issues the likely hood of a huge crash mount, when it does finally come it’ll be interesting watch as all those involved suffer. He who laughs last laughs longest.

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So then who are you going to vote next time?

All we can be sure of is that it May 2015, who knows what will be the ploitical state of the country.

Edited by Blod

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So after promising to really tackle the deficit we have had a couple of useless Quangos shut down and a good percentage of their staff transferred to other useless Quangos a few tinkering's on PS workers jobs here and there and a couple of ships decommissioned , lots of hot air from our so called leaders that's turning luke warm at best.,in essence nothing really has changed apart from the deficit which is rocketing out of control.

Same as it ever was

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So after promising to really tackle the deficit we have had a couple of useless Quangos shut down and a good percentage of their staff transferred to other useless Quangos a few tinkering's on PS workers jobs here and there and a couple of ships decommissioned , lots of hot air from our so called leaders that's turning luke warm at best.,in essence nothing really has changed apart from the deficit which is rocketing out of control.

Same as it ever was

They did stop rebuilding damp, mold infested schools that our future debt slaves are suffering.

Fantastic... last taxpayer in the UK please switch off the lights on your way out, the chavs and property millionaire pensioners won't be able to pay the electric bill.

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It`s not going to happen, is it? It reminds me of a mum trying to get little Jonny to do his homework, to which he replies "in a minute, in a minute". To quote good ol` Del Amitri, "Nothing ever happens, nothing happens at all, the needle returns to the start of the song, and we all sing along as before".

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It'd be interesting to know what has changed since a couple of weeks ago. Why do they bother to announce stuff then backtrack and cancel it?

This just sucks credibility away from this so-called government.

Why not just say it is politically impossible for us to reduce spending, people don't want it, please come in IMF and run us, please?

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It'd be interesting to know what has changed since a couple of weeks ago. Why do they bother to announce stuff then backtrack and cancel it?

This just sucks credibility away from this so-called government.

Why not just say it is politically impossible for us to reduce spending, people don't want it, please come in IMF and run us, please?

To be fair to the Tories (and I don't like to be...) they risk upsetting a section of the electorate (landlords, Btl'ers etc) that could punish them not just in the polls but in setting Daily Mail headlines eg "house prices plummet as result of govt policies. " Maybe they realise they'll need an external scapegoat (the IMF?) to blame this type of measure on?

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Maybe they realise they'll need an external scapegoat (the IMF?) to blame this type of measure on?

They should have bought them in when they first stepped into power.. got them to lay out a framework.. and just stuck to it.

This is really bad news for a return to affordable housing for the majority of the working population.

I hope you know what you're doing IDS.. you're losing credibility over this

Edited by libspero

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To be fair to the Tories (and I don't like to be...) they risk upsetting a section of the electorate (landlords, Btl'ers etc) that could punish them not just in the polls but in setting Daily Mail headlines eg "house prices plummet as result of govt policies. " Maybe they realise they'll need an external scapegoat (the IMF?) to blame this type of measure on?

Whatever they do to reduce the deficit, will involve sections of the community not being happy. I think they are no different than the last lot, in that they do not have the appetite to do what is needed. Very difficult to do when you have one eye on the polls.

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You wiil never beat the system.

Too many wealthy reliant on this..............Anecdotal a colleague, Asian lad, 36, has 0ver a million and a half in mortgaged property all rented to DSS, in the Midlands, his yield is 3% profit after costs all paid for by the tax payer. He makes £40k per annum profit without capital appreciation in his assets.................

but you also have to consider the suffering caused to tenants who live in these properties if they are forced to move. Mass homelessness and poverty hardly good for the country.

No government is going to engineer a crash in this way. They might seek to stabilise the Market over a long period through a variety of measures but to engineer a crash would be a disaster.

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......

This is really bad news for a return to affordable housing for the majority of the working population.

.....

No its the opposite. Housing is affordable because the government pay for it. Take away the handout and housing becomes unaffordable. All those "poor old pensioners" with their SMI handout, and all the overstretched "victims" with tracker mortgages "hanging on" thanks to the ZIRP.

Its only bad news if you want house prices to come back down into reality. Most people are terrified by that thought (especially the banks).

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Whatever they do to reduce the deficit, will involve sections of the community not being happy. I think they are no different than the last lot, in that they do not have the appetite to do what is needed. Very difficult to do when you have one eye on the polls.

There were interviews given by Conservative leaders earlier on in the year, stating that they realised most of the painful measures had to be taken in the first year, as it became progressively more difficultt to carry out harsh policies the later you got in the electoral cycle. It does seem strange that they are seemingly bottling out of taking the tough decisions already.

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  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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