§ Lord Gordon of Strathblaneasked Her Majesty's Government:
What are the implications for local authority rents of the figures announced today for expenditure on housing revenue account subsidy included in the total of annually managed expenditure. [HL2797]
§ Baroness HaymanThe provision for housing revenue account subsidy allows for a real increase in local authority rents of 1 per cent. next year and 2 per cent. in each of the following two years. The consequent increase in rental income net of increased rent rebates will be available for increased revenue expenditure on maintaining the stock. The detailed 11WA proposals for the determination of HRA subsidy for 1999–2000 and subsequent years will be subject to consultation in the usual way. Rent policy for the longer term remains under consideration within the welfare reform process.