Monday, December 2, 2013

House Prices unaffordable? Just redefine “affordable”

800,000 people ‘lifted’ out of fuel poverty – by redefining it

"The new definition, which could come into force before Christmas, will instantly reduce the percentage of fuel-poor households in England by nearly a third, from 15 per cent to 11 per cent, according to calculations by MPs on the cross-party Environmental Audit Committee. “The Government is shifting the goalposts on fuel poverty so that official statistics record far fewer households as fuel-poor,” said the committee’s chair, Joan Walley MP. (So, by re-definition, you can afford that over priced house after all - Tra-Da!)

Posted by alan @ 09:33 AM (3110 views)
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One thought on “House Prices unaffordable? Just redefine “affordable”

  • Thecountofnowhere says:

    Over-priced shoe boxes become cheap because the media say a £200K mortgage is affordable.

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