Back
News

Housing chiefs paid more than PM ‘have lost trust of tenants’

Almost 200 housing association executives are paid more than the prime minister, with one receiving a £1m package last year.

At least 179 executives of the 50 largest associations receive more than Theresa May’s salary of £149,440 amid complaints from tenants about excessive service charges.

Set up in the 1960s to provide low-cost homes for workers, housing associations are the leading providers of social housing in Britain. They are non-profit-making organisations but critics say that some have adopted aggressive commercial practices.

Start your free trial today

Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.

Including:

  • Breaking news, interviews and market updates
  • Expert legal commentary, market trends and case law
  • In-depth reports and expert analysis

Up next…