Consultation On Rent Policy Due “Very, Very Soon”

Secretary of State Sajid Javid is reported as saying that housing associations and councils can expect consultations the government's rent policy post 2020 "very, very soon". The government's previous 10 year social rent policy introduced in May 2014 was scrapped by George Osborne in the Summer Budget of 2015 and there has been a huge reduction in rental income as a result of the 4 years of mandatory year on year 1% rent reductions up to 2020 imposed by the Welfare Reform & Work Act 2016 with ongoing uncertainty about future rent policy. However the government's Housing White Paper promised to set out a rent policy for housing associations and local authorities for the period beyond 2020. Read more on the ARCH website.