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Add to that that 11% of house owners in the UK now own more than one house. One of the "problems" in the UK rental market is that the Duke of Westminster is on
by SixSigma 12y ago
Add to that that 11% of house owners in the UK now own more than one house.
One of the "problems" in the UK rental market is that the Duke of Westminster is one of Britain's most propertied landlord.
And then you read things like this :
> A Freedom of Information request by the New Statesman to the Department for Environment, Food and Rural Affairs (Defra) reveals that the largest landowners received millions of pounds in taxpayer subsidy last year. The Duke of Westminster, a multibillionaire, was paid £748,716 for his ownership of Grosvenor Farms, the Earl of Plymouth £675,085, the Duke of Buccleuch £260,273, the Duke of Devonshire £251,729 and the Duke of Atholl £231,188 for his Blair Castle estate. It was also a lucrative year for the Windsors. The Queen received £415,817 for the Royal Farms and £314,811 for the Duchy of Lancaster, while Prince Charles was paid £127,868 for the Duchy of Cornwall. Similarly well-remunerated was Saudi Arabia’s Prince Bandar bin Sultan, who received £273,905 for his 2,000-acre Glympton Estate in Oxfordshire, allegedly purchased with proceeds of the 1985 al-Yamamah arms deal between Britain and Saudi Arabia. The largest individual UK beneficiary is Sir Richard Sutton, who was paid £1.7m for his Settled Estates, the 6,500-acre property near Newbury that he inherited with his baronetcy in 1981, despite net assets of £136.5m.
http://www.newstatesman.com/politics/politics/2012/09/how-we-pay-our-richest-landowners http://www.newstatesman.com/politics/politics/2012/09/how-we...