Saturday, 12 January 2013

They own land! Give them money!

Katy John from Priced Out linked to this corker from Housing Minister Mark Prisk:

So before Christmas I launched the £200million Build to Rent fund, which will help give developers the freedom to expand their businesses beyond the traditional sale market and into homes built specifically for private rent.

Sweet, so he is using taxpayers' money to subsidise people who want to collect more rent [privately collected tax] from the same people as are already paying the [publicly collected] tax.

Thankfully, £200 million is not a huge figure, but it's the principles (or lack thereof) which matter.

5 comments:

Lola said...

Fuck. Me. Pink.

Kj said...

Has there been a de facto coup by landowners in the UK or something?

Mark Wadsworth said...

L, In. Deed.

Kj, yes, it was about a thousand years ago.

Kj said...

Heh. Housing benefit is going to be "cut" isn't it? Maybe it's compensation. at least it's administratively more efficient to just hand over the cash to landowners up front.

Bayard said...

It's really hard to see what the point of this exercise is supposed to be. It's obvious that the point of the exercise actually is to hand taxpayers money to nice housebuilder chaps who contribute so much to the Tory Party's coffers, but what is the public benefit that we are intended to be gulled into thinking we are getting from this expenditure?