Hi there,
I am in receipt of ESA and trying to build up enough capital to buy my flat as I'm lucky enough to have a fairly hefty discount under the right to buy.
I feel as though I'm being unfairly penalised for this aspiration not just because I lose money for the capital I have but the sheer rate I lose it.
Does anyone know what is the basis of the £1/week deduction for every £250 of capital? It can't just be completely arbitrary, it has to be linked to something in the real world. I mean this equates to about a 25% interest rate!! Where can you or could you get that rate for savings? I mean even with interest rates at 12%, no bank would have ever offered that.
