This is absolutely friggin bonkers. Why should we pay more than £20bn a year in Housing Benefit payments when you could build more than 150,000 affordable homes for that price.
At June 2011:
The total number of people receiving Housing Benefit was 4.90 million
Thus we help 4.9 million people (and their extended families we can assume) with the £20 billion rather than 150,000 people (extended families ditto) with the £20 billion.
Think it through laddie.If we spend the £20 billion on 150,000 affordable houses then there\’s 4.75 million people we\’re not helping with their housing costs in year one. They will presumably be homeless as they cannot afford anywhere to live.
True, in year two this declines to only 4.60 million (that\’s 4,600,000) people dossing rough while 300,000 now live in affordable housing.
Ah, what the heck, let\’s get them all into affordable housing right away!
So all we need is 326.66 times our housing benefit budget of £20 billion to build affordable housing for them all.
£6.5 trillion or so.
Getting on for five years of all output in the UK by everyone everywhere. 5 times GDP.
Hmm, you know, £20 billion a year on housing benefit is starting to look pretty cheap really.