Friday, 12 April 2013

A property owning democracy?

The realities of Margaret Thatcher's property-owning democracy
Letter by Paul Barrow:

 Last year £23bn was paid out in housing benefit; £9.2bn of this public money was paid directly into the pockets of private-sector landlords charging market-determined (one might argue exploitative or extortionate) rents. Social-rented sector tenants receive on average £81 per week while private-sector tenants receive on average £106 per week. Public-sector funding is propping up private-sector landlords, and one wonders how "good" the private sector would be without this public funding.

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