Comment on: Peabody to strike £350m bond deal
They are paying 5.3 % untill 2047 when the interest rate is .5% and likely to stay at that level for a long time. So they have to find £8 million in interest alone every year. No problems the tenents /taxpayers will have to find it.
Comment on: Broadacres chair extends 18-year term
Hear Hear Davey,
This is disgraceful even if the positions are unpaid there must be loads of able people ready to replace them. Perhaps HCA should step in and sack the board and advertise for replacements. They are afterall both spending the tax payers money. How many tenants on the board after 18 years there should be at least 50%.
Comment on: Peabody downgraded over merger with Gallions
perhaps they can use some of the 350 million to reform the Clays Lane housing co-operative, that was forced to be takeoven by them. dispossed the 450 residents who had been happily living together and we assume kept the socities £2 million reserve fund, and the money they got when the properties were sold to make way for the middle class games.
Neither forgotten or forgiven, Peabody and the Labour government that allowed it.
Comment on: Clegg admits bedroom tax creates 'real dilemmas'
what is happening is sad but it is caused by the failure of ALL involved to provide a flexible social housing, for those in genuine need. It should have been made clear this property is for your current needs, if your needs changed we will reasign you to another suitable property. we should have had assessments and moves every two years. Members of the army move every two years and are reallocated to their new home on the new base.
Please remember its actually called THE SPARE BEDROOM SUBSIDY not bed room tax. Because tax payers are paying extra housing allowance to people who are living in houses which have more bedrooms than they need.
The definition of size in the housing act 1985 is also more generous for social housing. based on sq.ft 50/70 is a child 70/90 is an adult and 90/110 is 1.5 persons 110 + is two people.
Take a look at houses for sale, 50/70 is one person 70 + is two
destitute on £500 a week net income?. This is a gross income of £36000 a year.
Ian Wise quotes the UN, I dont know whether to laugh or cry, what absolute rubbish, of the 6 billion people in the world about 80% would think they were in heaven if they were given just £50 a week.
I worked full time from 16 to 63 and had at least two part time jobs as well for 40 years to pay the family bills. Never did i ever reach the dizzy heights of Gross £35K.
what a mug i've been I should have stayed at home and leached off others.
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