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Evening Standard
Evening Standard
Business
India Block

Autumn Statement 2023: what is Local Housing Allowance and what will increasing the rate mean for Londoners?

There has been a "huge sigh of relief" from private renters as chancellor Jeremy Hunt announced that the freeze on Local Housing Allowance will be lifted in his 2023 Autumn Statement.

"Because rent can constitute more than half the living costs of private renters on the lowest incomes I have listened closely to many colleagues as well as the Institute for Fiscal Studies and the Resolution Foundation, citizens advice UK and the Joseph Rowntree Foundation who said that unfreezing local housing allowance was an urgent priority," said Hunt.

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