You are here: Home - Household Bills - News -

Almost a million people to see their Housing Benefit rise

0
Written by:
13/01/2020
Around 900,000 people across the UK could see their Housing Benefit payments rise by around £10 a month from April.

The government has lifted the freeze on Local Housing Allowance rates, which has been in place since 2016, meaning payments will rise by inflation from the start of the new tax year.

The change will affect around 1.4 million private renters who receive Local Housing Allowance.

Will Quince, minister for welfare delivery, said: “The government is levelling up opportunity across the UK, and this will be a welcome increase for more than a million people as we provide more money to help pay for housing.

“We are committed to tackling all forms of homelessness – ending the freeze on housing benefits is just one part of achieving this.”

The announcement follows the government’s commitment in November to end the five-year benefit freeze from April.

Millions of people on Universal Credit, as well as those on the old benefits system, will see their payments rise by inflation.

 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Autumn Statement: Everything you need to know at a glance

Yesterday Chancellor Jeremy Hunt made his first fiscal statement in the role, outlining a range of tax measure...

End of Help to Buy: 10 alternatives for first-time buyers

The deadline for Help to Buy Equity Loan applications passed on 31 October. If you’re a first-time buyer who...

Moving to an energy prepayment meter: Everything you need to know

As households struggle with the soaring cost of energy, tens of thousands of billpayers are expected to move o...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week