£500 Ben cap, not enough to live in London

PasturesNew

FTBFun wrote: »

Vastly outweight by the very rich paying substantial amounts of taxes, I think you'll find.

But the very rich don't pay taxes ... do they.

PasturesNew

There should be a 4-bed cap on housing. Let them share.

Any single parent can go into the smallest room for starters - they don't need the largest bedroom, but they don't see it like that. Mathematically challenged, that's what it is.

olly300

bendix wrote: »

I'm sure I read somewhere that it's likely to affect around 50,000 households in London, but i could have got that wrong.

Interesting article in the Sunday Times this weekend, focusing on an Afghan refugee and her kids who is receiving over £12000 per month in housing benefit alone.

Nice.

How many flipping kids does she have?

How old are they? And how many share bedrooms?

Darthvader

Silverbull wrote: »

£500 wk cap is not enough for most families to pay rent/council tax and have enough to live on in London.

Even if they could find somewhere to live in London for less than £300 wk rent/council tax they would prefer to live far away from London where less than half of their £500wk cap would go on rent and council tax.

Actually its worse than that, £25K divided by 52 wks is £480 per week.

"Family size also affects the scale of the reduction in income, not least because of plans to put a £25,000 cap on the total value of benefits that can be paid to any family, regardless of size."

http://uk.finance.yahoo.com/news/families-hit-benefits-changes-061806343.html


But in London housing benefit and council tax benefit will make up most of that £480 per week?


When are these cuts coming in? What will this do to the property market especially in London?