Wealthy tenants face crackdown
Filed under: News
The Government is to launch a consultation on enabling social landlords in England to charge higher rents to the wealthiest tenants.
According to No 10 sources, official research has found 34,000 social rented homes have tenants with a combined annual income of £60,000, while in some 6,000 homes the combined income exceeds £100,000.
The annual subsidy is calculated at £122.4 million for those on incomes over £60,000, with those on more than £100,000 benefiting to the tune of £21.6 million.
A No 10 source said: "It's not right that high earners benefit from taxpayer funded housing subsidy. Just as we have introduced a cap on housing benefit and welfare payments to make the system fairer, now we're acting on social housing too."
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