Housing Minister Margaret Beckett has today announced new support to help councils cut their planned rent increases for tenants in the current economic climate.
The average guideline rent increase for 2009/10 will be halved from 6.2 per cent to 3.1 per cent for local authority tenants, to encourage councils to reduce the amount tenants would have to pay for the coming year.
Mrs Beckett announced that the Government would make funding available to support local authorities to make the changes, and revise their rents for 2009/10 accordingly.
The changes to the guideline rent increase means tenants should see a marked drop in their proposed average rent increase for the coming year from around £4 per week to approximately just under £2.
Mrs Beckett said:
"We are facing challenging economic times and it is right that this Government offers real help now to council tenants. We have listened to what councils and their tenants have said to us about the planned rent increases, and we are determined to help tenants get a fair and affordable deal.
"Ultimately, it is for each council to take up this offer of support, but I would expect them to ensure their tenants receive the full benefits."
The Minister has already indicated that she will look again at the guideline rents for 2010-11 to ensure that council tenants continue to pay rents that are affordable and fair.
Related links
- 12/03/2009 11:29 - Small business lending key to revitalising the housing market
- 12/03/2009 11:23 - East Midlands Regional Plan announced
- 12/03/2009 10:42 - UK government does not freeze business rates
- 11/03/2009 12:26 - Birmingham city council calls on investors
- 10/03/2009 13:11 - UK councils urged to put empty homes back into use
- 10/03/2009 10:30 - London's public spaces to undergo transformation
- 05/03/2009 15:00 - HBF warns government to stick to Killian Pretty timetable
- 05/03/2009 13:56 - Unprecedented opportunities in UK office markets

