Landlords Consider Cuts Of Up To 25%

Some housing associations are eyeing cuts to operating costs of up to 25% a year to cope with government cuts. Several landlords this week revealed the extent of expenditure reduction they feel may be needed to ensure their business can deal with the four-year, 1% annual social housing rent cut and expected future reductions. Plus Dane has asked its leadership team to model cuts of up to 25% of the organisation’s annual operating costs in year one of the rent cut. Read more on Inside Housing.