Thursday, 2 April 2015

Councils in Rent Rebellion

A large number of councils have rebelled against new government guidance about the level at which they should set their rents. Research into 104 English councils revealed one-third planned to raise rents by more than the 2.2% average allowed under the government’s formula in 2015/16. In most cases, they acted to avoid blowing a massive hole in detailed 30-year business plans, agreed with the government only three years previously. 35 councils have ignored the government and set increases of up to 8.6%, after finding that reduced rent increases could result in debt going unpaid and no cash for repairs. Read more on Inside Housing.

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