Friday, 8 August 2014

London Borough to Limit Average Rent to Below £100 per Week

As rent and house prices continue to rise, Southwark Council is keeping to its pledge to keep council rents below £100 per week on average. With almost half of Southwark's households earning less than £15,000 and over 36,000 households living in council homes, every effort must be made to help those who struggle just to afford a roof over their head, particularly in London where rents are extremely high. A fine balance must be sought in ensuring that rent is kept low but that enough income is generated into the housing revenue account (HRA) to safeguard the cost of frontline council services. Read more on the Southwark Council website.

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