Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

bedroom tax

The amount of housing benefit that people can get is cut if they have a ‘spare bedroom’ in their council or housing association home. This measure only applies to claimants of working age. It is not really a tax, but is often referred to as the bedroom tax. Alternative names include under-occupation penalty or removal of the spare room subsidy.