• Privacy policy
  • T&C’s
  • FAQ
  • Meet the Team
  • About The London Economic
  • Advertise
TLE ONLINE SHOP!
NEWSLETTER
SUPPORT THE LONDON ECONOMIC
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Economics

£9.3bn! Private landlords have doubled housing benefit income in a decade

A shocking new report has found that private landlords hauled in £9.3bn in 2015. It is huge figure and double what the level was a decade ago. The study was undertaken by the National Housing Federation (NHF) and they said the figure was due to a huge increase in private tenants who are receiving housing […]

Joe Mellor by Joe Mellor
August 21, 2016
in Economics, Finance, News

A shocking new report has found that private landlords hauled in £9.3bn in 2015.

It is huge figure and double what the level was a decade ago. The study was undertaken by the National Housing Federation (NHF) and they said the figure was due to a huge increase in private tenants who are receiving housing benefit.

A decade ago the there was £4.6bn handed out to private landlords by the state. These figures will anger many, who will see taxpayers’ lining the pockets of people who own multiple properties. Something most people can only dream of.

NHF chief executive David Orr said: “It is madness to spend £9bn of taxpayers’ money lining the pockets of private landlords rather than investing in affordable homes.”

“The lack of affordable housing available means that a wider group of people need housing benefit.”

If these people were living in social housing rather than in the private sector then the Government would have saved a colossal sum in recent years. Taxpayers have to fork out £1,000 extra a year for each family in the private sector compared to if they lived social housing dwellings.

The NHF calculated that if the additional private rented sector fees for one year had been invested in social housing then 50,000 properties could have been built.

RelatedPosts

Former Tory MP loses appeal against two-year jail term for sexual assault

Budget: Lack of action on sick pay and key worker wages ‘abrogation of duty’

Nazanin Zaghari-Ratcliffe’s detainment a ‘blot on British diplomacy’

‘Steeped in racist propaganda’ Dr Seuss books to have publication ended

Of the people living on benefits in the private sector, many are in work. This appears to indicate a large increase in the numbers of working poor in the UK, whose wages or salaries simply don’t cover their outgoings. With an increase in people using food banks, there appears to be a hidden poverty crisis in Britain, with many people working full-time hours, but left without the means to pay for shelter and food on a regular basis.

The NHF said: “Today, nearly half (47%) of all families claiming housing benefit in the private rented sector are in work – this is nearly double the proportion it was six years ago (26%).”

A government spokesman said that the issue of the private sector housing benefit bill is being dealt with. The spokesman said: “Since 2012 the amount going to private sector landlords has actually been falling – something which the National Housing Federation fails to recognise.”

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Tags: featured
Support fearless, free, investigative journalism Support fearless, free, investigative journalism Support fearless, free, investigative journalism
Please login to join discussion

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending fromTLE

  • All
  • trending

What If We Got Rid Of Prisons?

Stress, fear and homelessness: The threat looming over families confronted with eviction

File photo dated 07/11/03 of a prison cell.

The Other Prison Pandemic

Latest from TLE

Beavertown The Rule of Three

Beer of the Week: Beavertown The Rule of Three

Credit;PA

Former Tory MP loses appeal against two-year jail term for sexual assault

Budget 2021: Rishi Sunak or John McDonnell?

Budget: Lack of action on sick pay and key worker wages ‘abrogation of duty’

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

Contact

Editorial enquiries, please contact: jack@thelondoneconomic.com

Commercial enquiries, please contact: advertise@thelondoneconomic.com

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Lifestyle
  • Food
  • Property
  • Travel
  • Tech & Auto
  • About The London Economic
  • Meet the Team
  • Privacy policy

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.