Housing benefit cuts are to have an ill effect on almost one million home owners according to the TUC general secretary, Brendan Barber. In an official statement last week he said: “This cut in housing benefits will make a real difference to some of our poorest and most vulnerable families. Families in London will find themselves out of pocket to an average of £1144 a year, and households all over the UK will be left much worse off.”
It’s not just the Capital either, households across the UK are set to lose around £12 a week on average, which equates to around £624 a year. With money being super tight right now, taking over £600 of struggling home owners can only take them one step closer to house repossession or at the very least, missed mortgage repayments.
