Wednesday, 25 February 2015

If only Green Party Leader Natalie Bennett had had the figures at her finger tips

The Green Party proposed to spend £5 Billion on affordable housing for rent - that would be paid for by ending tax relief for buy to let and other landlords.

2013 figures from Her Majestys Customs and Revenue (HMCR) show that private landlords claim £5.31 billion a year in mortgage interest and other financial costs and £7 billion in other tax deductible cost including repairs, letting fees and insurance. So the green party could have got another £7 billion ! 

At the moment the Governments spends less than £1 billion a year on the affordable homes programme.

Typically Natalie was interviewed by a right-wing radio presenter who had no ideas about the figures either.

Who could imagine that the Government hands out £22 billion a year in Housing Benefit (largely to private landlords) and a further £12 billion in tax reliefs to private landlords yet spends such a piddling sum on houses for rent and most of them are at 80% market rent and not what used to be called affordable rents.

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