Thursday, December 26, 2013

The penny is dropping

House prices boom is fuelled by in-work poor

"More people are working (a record 30 million are now in work in the UK) but far too many are on near-minimum wages, and a painfully high proportion of their income now goes on rent. We're creating a country where the property price furnace is sustained by ever more low-wage workers in supermarkets and call centres, their employers effectively subsidised by tax credits, who pay ever higher rents to landlords, who also sucker in billions from the housing benefit budget. It's corporate welfare on a colossal scale."

Posted by pete green @ 03:02 PM (4084 views)
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