Council tenants are being offered £30,000 bribes or cottages by the sea to vacate their homes for credit crunch victims as Britain faces a critical social housing shortage.
Millions of pounds of taxpayers’ money is being spent encouraging people in social housing to move to the private sector — either as home-buyers or tenants. Those in larger council homes are also being offered cash payments of up to £3,000 per bedroom if they agree to downsize to a smaller social house or apartment.
Tens of thousands of people have taken up the offers but councils plan to push schemes more aggressively in another unexpected consequence of the recession.
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