The coalition has been tinkering with the formula for setting housing benefit rates since it took office, and yet the bill is still soaring – to the £23bn annual figure reported in the 2013 Budget. And how could it be otherwise? The skyrocketing cost of housing benefit is purely a consequence of rapidly rising housing costs. As long as the latter is not addressed, no amount of coalition formula-shuffling will bring housing benefit spending down to reasonable levels.
Read the full blog post hereSource: http://www.iea.org.uk/blog/ed-milibands-vision-for-future-labour-welfare-policies-fell-apart-in-the-detail
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