Newcastle Council has confirmed it is backing moves by its ALMO to oppose sharp rent increases for its tenants. At a council meeting members endorsed a letter sent to the CLG protesting about the 8.2 per cent rise faced by tenants in 2012/13. Newcastle feels rise is too high, but that the potential loss of income prevents it from setting a lower rate. The debt Newcastle is set to take on as a result of the reform of the housing revenue account subsidy system has been increased by £42 million to reflect the rent rise, so setting a lower rent could leave it out of pocket. Read more on the Newcastle on Tyne website.
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