The Emergency Budget and the Local Housing Allowance
Mixed Blessings for Private Landlords!
George Osborne, Chancellor of the Exchequer’s Emergency Budget of 22nd June, 2010 proposes the introduction of a number of monetary and fiscal measures which are intended to reduce the country’s £155 billion budget deficit. Some of these measures directly impact the Local Housing Allowance, that is, Housing Benefit paid to tenants of Private Landlords.
In this paper, experienced investors Ben Hughes and George Nartey of Social Housing Expert Limited (website: www.socialhousingexpert.com ) assess the likely impact and implications of the proposals’ implementation and also, opportunities likely to arise for landlords! Read the rest of this entry