§ Mr. DismoreTo ask the Secretary of State for Transport, Local Government and the Regions what percentage real terms increase in each year he predicts for formula rents for(a) registered social landlords and (b) council tenants in Barnet until 2011. [20837]
§ Ms KeebleWe estimate that council rents in Barnet would rise by an average of 1.6 per cent. in real terms in 2002–03 and 2.2 per cent. a year in real terms thereafter until 2011–12 if rents are adjusted in line with our proposals. Over the period 1991–92 to 2001–02, council rents in Barnet rose on average 2.5 per cent. a year in real terms. Estimates for future years are based on property valuations and other data provided by the London Borough of Barnet which may be subject to amendment. The figures for 2003–04 and later years may also be adjusted as a result of Spending Reviews.
We do not hold data on the registered social landlord rents at the individual authority level. Nationally, our rent restructuring proposals would result in RSL rents rising by RPI plus 0.5 per cent. a year until 2011–12. This figure is subject to periodic reviews by the Housing Corporation.