Thousands of renters in Wales better off with UK 바카라 사이트 boost to housing support
Around 82,500 renters in Wales are set to receive a boost to their housing support in April, as the 바카라 사이트 lays legislation to increase Local Housing Allowance (LHA).
Help For Households
- New Local Housing Allowance rates to come into force in April as legislation being laid in parliament.
- 拢7 billion investment over the next five years means 1.6 million private renters on Universal Credit or Housing Benefit will be around 拢800 better off a year.
- Comes as National Insurance cut comes into effect 바카라 사이트� meaning households with two average earners will save nearly 拢1,000 per year.
Around 1.6 million private renters across Great Britain are set to receive a substantial boost to their housing support in April, as the 바카라 사이트 lays legislation to increase Local Housing Allowance (LHA). In Wales, around 82,500 households are set to benefit from the boost.聽聽
The boost will benefit some of the poorest families on either Universal Credit or Housing Benefit who will gain around 拢800 a year.聽聽
The support worth over 拢7 billion over the next five years comes as the government publishes the proposed LHA rates for 2024/25, with people living in the most expensive areas set to see the biggest boost.聽聽聽
Subject to the benefits cap, eligible renters of:聽聽
- Four bed in the Cardiff Broad Rental Market Area could get up to 拢1,300 a month.
- Three bed in the Monmouthshire Broad Rental Market Area could get up to 拢795 a month.
- Two bed in the Merthyr & Cynon Broad Rental Market Area could get up to 拢500 a month.聽
The increase to the LHA has been welcomed by many housing and homelessness organisations and is part of the 바카라 사이트바카라 사이트檚 拢104 billion cost of living support package 바카라 사이트� worth an average 拢3,700 per household. This also includes raising benefits by 6.7%, the state pension by 8.5%, and 拢300 cost of living payments, with over 7 million households receiving the latest payment and another payment coming in Spring.聽聽
This additional support comes as 27 million people are set to get a significant tax cut as the main rate of employee National Insurance will be cut from 12% to 10%. This reduces National Insurance by more than 15% in total, saving 拢450 this year for the average salaried worker on 拢35,400.聽
Work and Pensions Secretary Mel Stride said:바카라 사이트�바카라 사이트�바카라 사이트�
Housing costs are the number one expense for families.聽This 拢7 billion boost to Local Housing Allowance over the next five years, along with our landmark Back to Work reforms, reflects our fair approach to welfare 바카라 사이트� helping people into employment while protecting the most vulnerable with unprecedented cost of living support.바카라 사이트澛�
Minister for Disabled People, Health and Work Mims Davies said:聽
Keeping inflation down and supporting people to stay and progress in work is the best way we can bolster families바카라 사이트� finances and help them progress, but we know some are still struggling which is why we are providing this important extra help.聽聽聽
This key boost to our housing support will see average renters around 拢800 better off. It is just one crucial part of our 拢104 billion package to help the most vulnerable which also includes an increase to benefits in line with inflation and our latest series of cost of living payments.바카라 사이트澛犅犅�
Secretary of State for Wales, David TC Davies said:聽聽
I바카라 사이트檓 pleased this extra support will benefit tens of thousands of households across Wales, which comes on top of the already substantial support that the UK 바카라 사이트 has already provided over recent months to support people with the cost of living.聽聽
At a time when many people are concerned about paying the bills, the UK 바카라 사이트 continues to focus on helping the most vulnerable in all parts of Wales바카라 사이트�.聽
Crisis Chief Executive Matt Downie said:聽聽
It cannot be understated just how vital this investment in housing benefit will be in helping to both prevent and end homelessness.聽聽聽
In recent years, people receiving housing benefit have found it increasingly difficult to afford the soaring cost of rents. Giving housing benefit this crucial boost will make a real difference to people across Great Britain and will relieve some of the pressure facing people on the lowest incomes.聽聽聽
We hope this investment will be maintained for the long term, so we can continue with our collective mission to end homelessness for good.바카라 사이트澛犅犅�
The investment comes on top of the 拢30 billion support the government is providing over 2023/24 on housing support.聽
Minister for Levelling Up Jacob Young said:聽聽聽
This funding boost is just one part of how we바카라 사이트檙e supporting people in the private rented sector with the cost of living.聽聽聽
We have already invested 拢30 billion in housing support, along with Discretionary Housing Payments which provide an added safety net for anyone struggling to meet their rent.聽聽聽聽
We are taking the long term decisions needed for a better private rented sector, through our Renters Reform Bill, giving tenants security and supporting good landlords.바카라 사이트澛犅犅�
The Local Housing Allowance determines the maximum housing support for private renters. It ensures that claimants in the same area with similar situations are entitled to the same maximum support regardless of the rent they pay. The level of support is based on the area where the person lives and the size of their household.바카라 사이트�