AUTUMN STATEMENT 2023
Not a lot specifically for housing in the Statement but good news for tenants in receipt of benefits and, therefore, those landlords who provide them with housing.
A few specific bullet points:
- Local Housing Allowance to return to the 30th percentile
- Benefits will be increased by 6.7%, but with tougher requirements for those who claim them to look for work.
- Employee National Insurance to be cut to 10% from 6 January 2024
- To increase by 8.5%
- National Living Wage to rise to £11.44 from April 2024