Just an update of the overall figures with the release of Junes HB stats on 14 September.
At June 2011 the overall HB bill was £22.345bn up from £22.260bn in May 2011. The overall figure at May 2010 was £20.876bn and so under this government the bill has risen £1.47bn in 13 months or about £3.8m per day.
It is still on target to be £2.26bn higher in January 2012 when the first reforms come online and so an extra £2.26bn of savings than originally planned for will need to be made to achieve the savings targets set out.
One issue I have not commented upon before and missed is that for the last 3 months and for the firt time we now pay more to RSLs in HB than we do to regulated private landlords - £80.11 compared to £79.45.
We still pay regulated private tenancies 4.3% more than council tenancies yet pay 56% more than this for unregulated private tenancies.
If Shapps wants to reduce the HB bill theres a pretty big clue there.... unless hes content to continue to pay unregulated PSLs the yearly premium of £3.27bn to them over and above what we pay for the same number of council tenancies!!