Inspired by Savills' findings on landlord capital gains last month, we decided to look at just what sort of money landlords in the UK are making – and how much we the taxpayer are helping them.
A quick look at the Guardian this morning reveals that UK landlords make £77.7bn each year in rent and capital gains.
This is more than Morocco’s GDP of £68.6bn (for a country of 33m people), making the industry the 61st largest economy in the world (UN 2013).
Landlords are also subsidised to the tune of £26.7bn in tax breaks and housing benefit.
That is higher than the £25bn of cuts that George Osborne claims are needed after the election.
It is also more than our spending on the overseas aid budget of £10.3bn, jobseekers allowance of £4.34bn, the Department for Culture, Media and Sport’s entire budget of £6.14bn, and the £1.13bn Affordable Homes Programme put together.
FOR THE FULL STORY: http://www.generationrent.org/making_money_like_a_landlord
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