Housing minister Kris Hopkins intervenes after councils
use rent money for other purposes. Councils which transferred rent money to
support other council services face being forced to return the cash. The CLG has issued a letter to local authorities, calling
for information on transfers between the housing revenue account and the
general fund. The department will
consider the responses before deciding whether to demand any of the money be
repaid to the HRA. The letter said: ‘The
ring-fence of the housing revenue account exists to protect the rents paid by
local authority tenants, in order to accurately reflect the cost of their
housing service. These funds should therefore not be used to cover the costs of
other council services.’ Read more on Inside Housing.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
8 hours ago
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