So, Iain Duncan Smith thinks he could live on £53 a week

That's just half the cost of his bluetooth headset.

The Telegraph's Rowena Mason reports:

Iain Duncan Smith has claimed he could live on £53 per week - the amount given to some benefit claimants. The Work and Pensions Secretary said he could survive on £7.57 per day if he "had to", as he defended a raft of cuts to welfare payments coming into force today.

He'd have to cut back a bit if he did so. According to his parliamentary expenses, he spent £110 - two week's worth of benefits - on a Bose bluetooth headset for his car, and another £12.42 on a USB cable (I mean, come on, who spends more than a fiver on a USB cable?). His monthly phone bill has been over £53 every month in the latest financial year, so that's another week each month he can't eat, travel, heat his house or, really do anything. And given he can claim for travel, he may have forgotten that that £5.30 he spent on taking one tube trip within his constituency also comes out of the £53. Just ten of them and he'd go hungry.

But the bigger point is that it's easy for someone like Iain Duncan Smith - or me, or, most likely, you, New Statesman reader - to showboat about living on £53 for a week. Just shift some social events around, cut out meat and booze for a while, be more aggressive about using up left-overs, and you've pretty much done it. You can watch TV instead of going out, and lentils get boring after a while, but a little turmeric makes them interesting enough to eat for a bit.

But when the next week comes round; and the next; and the next; and still £53 is all you have to live on, it gets harder. Do you give up social events entirely? What happens when your TV license runs out? You may have some books lying around the house now, but you'll finish them soon enough. And cooking cheap tasty food is easy when you have store-cupboard essentials; it gets harder when you not only have to factor in the cost of them, but also the cost of the electricity you use to cook. That's not even beginning to examine whether Iain Duncan Smith would be eligible for Housing Benefit in his hypothetical example, or if he'd still be able to happily live rent-free in a £2m house. It seems doubtful that he'd move out to fulfil the example.

The fact is, if you've never had to live on that little, it's hard to imagine what it's like. The realities of being poor are vastly different to the cheery version the rich put themselves through for charity, or to prove a point, and it's easy to guess which IDS is imagining.

Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

Photo: Getty Images
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How can Britain become a nation of homeowners?

David Cameron must unlock the spirit of his postwar predecessors to get the housing market back on track. 

In the 1955 election, Anthony Eden described turning Britain into a “property-owning democracy” as his – and by extension, the Conservative Party’s – overarching mission.

60 years later, what’s changed? Then, as now, an Old Etonian sits in Downing Street. Then, as now, Labour are badly riven between left and right, with their last stay in government widely believed – by their activists at least – to have been a disappointment. Then as now, few commentators seriously believe the Tories will be out of power any time soon.

But as for a property-owning democracy? That’s going less well.

When Eden won in 1955, around a third of people owned their own homes. By the time the Conservative government gave way to Harold Wilson in 1964, 42 per cent of households were owner-occupiers.

That kicked off a long period – from the mid-50s right until the fall of the Berlin Wall – in which home ownership increased, before staying roughly flat at 70 per cent of the population from 1991 to 2001.

But over the course of the next decade, for the first time in over a hundred years, the proportion of owner-occupiers went to into reverse. Just 64 percent of households were owner-occupier in 2011. No-one seriously believes that number will have gone anywhere other than down by the time of the next census in 2021. Most troublingly, in London – which, for the most part, gives us a fairly accurate idea of what the demographics of Britain as a whole will be in 30 years’ time – more than half of households are now renters.

What’s gone wrong?

In short, property prices have shot out of reach of increasing numbers of people. The British housing market increasingly gets a failing grade at “Social Contract 101”: could someone, without a backstop of parental or family capital, entering the workforce today, working full-time, seriously hope to retire in 50 years in their own home with their mortgage paid off?

It’s useful to compare and contrast the policy levers of those two Old Etonians, Eden and Cameron. Cameron, so far, has favoured demand-side solutions: Help to Buy and the new Help to Buy ISA.

To take the second, newer of those two policy innovations first: the Help to Buy ISA. Does it work?

Well, if you are a pre-existing saver – you can’t use the Help to Buy ISA for another tax year. And you have to stop putting money into any existing ISAs. So anyone putting a little aside at the moment – not going to feel the benefit of a Help to Buy ISA.

And anyone solely reliant on a Help to Buy ISA – the most you can benefit from, if you are single, it is an extra three grand from the government. This is not going to shift any houses any time soon.

What it is is a bung for the only working-age demographic to have done well out of the Coalition: dual-earner couples with no children earning above average income.

What about Help to Buy itself? At the margins, Help to Buy is helping some people achieve completions – while driving up the big disincentive to home ownership in the shape of prices – and creating sub-prime style risks for the taxpayer in future.

Eden, in contrast, preferred supply-side policies: his government, like every peacetime government from Baldwin until Thatcher’s it was a housebuilding government.

Why are house prices so high? Because there aren’t enough of them. The sector is over-regulated, underprovided, there isn’t enough housing either for social lets or for buyers. And until today’s Conservatives rediscover the spirit of Eden, that is unlikely to change.

I was at a Conservative party fringe (I was on the far left, both in terms of seating and politics).This is what I said, minus the ums, the ahs, and the moment my screensaver kicked in.

Stephen Bush is editor of the Staggers, the New Statesman’s political blog.