Tuesday, February 28, 2012

UK: Housing Benefit Caps: 100 Families Receiving Enough for a £1million Mortgage

Insane.

At least 100 families receiving housing benefit are living in luxury homes on handouts that could fund £1m mortgages, figures have revealed.

More than 30 of those families are being given a staggering £1,500 a week to live 'swanky' lifestyles - more than three times the national average wage.

Of the 100 families, 60 have their rent paid by the state to the value of £5,000 a month, according to the Department for Work and Pensions.

At a time when millions of people are struggling to get on the housing ladder, the handouts would easily cover the monthly payments on a £1m mortgage.

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