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The Independent UK
The Independent UK
Business
Luke O'Reilly

Social housing rent hike cap ‘will save average tenant £200 next year’

PA Archive

The Chancellor has said he will cap the increase in social housing rents at a maximum of 7% in 2023/24, saving the average tenant £200 next year.

Jeremy Hunt told the Commons during his autumn statement on Thursday that without the cap, families living in the social rented sector could face rent hikes of up to 11%.

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