Monday, 12 September 2016

£1m Admin Cost Estimate On First Year Of Pay To Stay

A London borough estimates that Pay to Stay could cost it £1 million in first year administration costs alone to make IT and other system and process changes happen.  The borough of Camden has put a £1 million price on the bureaucracy that Pay to Stay will generate.  Camden concedes to “little detailed information” about how many households are likely to be affected by Pay to Stay, but estimates indicate that as many as 13% of tenants may be affected - against the government’s national estimate of 7.4%. Read more on 24dash.

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