The latest report from Joseph Rowntree Foundation after a large-scale survey reveals that around 400,000 renting households have either been served an eviction notice or have been told they may be evicted, when the eviction (for rent arrears) ends Monday 1 June, is disturbing, but this is not the full picture especially with mostly leftwing-liberal media demonising landlords .
But the picture is far from what you read in the Guardian or hear on the BBC. It is a complex picture. The majority of landlords are small investors, heavily mortgaged., and the gross income from the property is not much higher than the average income before the British taxpayer starts paying tax, while more than half of landlords’ investment is actually their pension . The crisis if of the treasury and the local authorities making and could have been avoided had they paid the rent directly to the landlords and deducted from the tenants’ benefits.
Category Archives: Investment
William Hague Mustn’t put EU Before UK national Interests
If we follow foolish European Union Foreign Policy (God knows why they should have a foreign policy department, commissioner and team financed by our taxes) over Egypt, we risk a great deal of our interests being badly damaged, not just in Egypt but among Egypt powerful, rich influential allies like Saudi Arabia, United Arab Emirates, Bahrain, Kuwait and Oman as well as Jordan ( they are also essentially part of wider historic British interest in Middle East and the Gulf region).
George Osborne Betrayal of Private Pension Investors
Shock after meeting my financial adviser…I have to work until I drop dead, no chance for retirement or even slowing down; thanks to George Osborne and Danny Alexander. While I should be winding down my activities, due to health reasons and age Unlike most people in my age and younger, employed in public sector or in the civil service have the option for early retirement on a comfortable pension, I have no option but to carry on working as self-employed, author, commentator, writer and journalist with no retirement option.