petej + dc:creator=cadwalladrcarole   39

Morrissey, you're a fraud | Carole Cadwalladr | Comment is free | The Observer
"Friday's news that rents rose nationwide by 9.2% last year was as nothing compared to Thursday's news that British Gas prices are set to rise by exactly the same amount. You probably didn't even hear about it because, while 36% of the population rents, almost no one in public life, in government, in the media does.

Do the effing sums, someone. Anyone. A politician, perhaps? Hello. Paging the Labour party. Is there anybody out there? Because 9.2% of average annual rent – £9,084 – is a damn sight more than 9.2 per cent of average energy bills. British Gas customers – that is eight million households – face an average increase of £123 a year. Bad, but nothing compared with the £835 increase a year for the 8.3 million households in rented accommodation – £835! And that applies across the country, though if you live in London or the south-east, it could be more like double that.

That average rent increase? It needs to be found out of an average household income after tax of £16,034. How, exactly? Where? And Help to Buy? You could rename it Help to Put Rents Up Even Further. It could be retitled Help to Make Poor People Poorer. Help to Make Young People Even More Fecked. Because house prices are intimately linked to rental yields and this is just more disaster in the offing.

The British Gas news affects the Morrissey class; the rent increase won't. And even for people who do worry about these things – the Labour party, supposedly – they've got the focus completely wrong. It's not the energy markets that require state-sponsored intervention, it's the artificial inflation of house prices by government-designed policy."
Morrissey  inequality  exclusion  jiltedGeneration  housing  rents  economy  helpToBuy  policy  UK  dctagged  dc:creator=CadwalladrCarole 
october 2013 by petej

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