Wealthy tenants face crackdown
The Government is to launch a consultation on enabling social landlords in England to charge higher rents to the wealthiest tenants.%VIRTUAL-ArticleSidebar%
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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