Monday 22 December 2014

Social Housing Providers Warned Full Impact of Welfare Reform Yet To Come

The social housing sector is yet to feel the full impact of the Tory-led coalition's welfare reforms, a provider of assurance and advisory services has warned.  Baker Tilly's benchmarking survey of 70 housing providers found that the average level of rent arrears during 2013/14 was 3.29%, slightly down on the 3.90% anticipated in the same survey last year - but providers are predicting that rates will rise to 4.14% in 2015/16 once the wider roll-out of universal credit takes effect. Read more on 24dash.

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