To ask the Secretary of State for Work and Pensions, if he will make an estimate of the cost to the public purse of increasing the local housing allowance to the 50th percentile of local market rents.
Answered on
27 November 2023
The Secretary of State has committed to review LHA rates annually and has just completed his review for 2024/25 rates. From April 2024 we are investing £1.2 billion increasing Local Housing Allowance rates to the 30th percentile of local market rents. This significant investment will ensure 1.6 million private renters in receipt of Housing Benefit or Universal Credit will gain on average, nearly £800 per year in additional help towards their rental costs in 2024/25.
Answered by
Department for Work and Pensions
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