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