Bank bailouts over council rents

The Labour Government has mismanaged the UK economy to the degree where apart from Northern Rock chaos two multi bank bailouts have been required. Schocking times. All the citizens of the UK and our children will be paying for this debacle for decades to come.

At the same time the Labour Government is setting inflation busting Council rent recommendations. If councils don’t follow the recommendations they get severely penalised.

I guess ‘recommending’ a 5.8% increase in council rents when retail price inflation is at 0.9% is one way the Labour government will start paying for the bank fiasco’s. A stealth tax on the poor and neady.

Who would ever have thought a Labour government would be driven to such retrograde policies.

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