Monday, October 18, 2010
Buy-To-Let gets more of our money than the Army and Navy
"Private landlords will pocket almost Â£8.5bn from the taxpayer this year through housing benefit - more than a third of the total Â£21.5bn bill, according to figures from the Department for Work & Pensions (DWP) ... The housing benefit bill has exploded in the past decade, rising at 50pc above the rate of inflation to Â£21.5bn as both claimants and rents have increased, and is now larger than the bill for the Army and Royal Navy combined. Each working adult is contributing Â£689 a year."