CPI or 1 per cent rises: The real story is the missing link to rents

As part of today’s Autumn Statement the Chancellor announced changes to the way Local Housing Allowance (LHA) rates will be up-rated over the next three years. Rates will only be up-rated annually by one per cent [PDF] in 2014/15 and 2015/16, as part of a package of real-term cuts to working age benefits. There will be some protection for the most over-heated markets but details remain sketchy.

Also skipped over was the fact that this is an additional cut being … Read more