From Department for Levelling Up, Housing and Communities (DLUHC):
Today (7 September), the Regulator of Social Housing has written to registered providers following the launch of a DLUHC consultation on changing the cap on social housing rent increases.
The government regulates how much social housing rents can increase each year. The current cap is set at CPI+1%, which is expected to be around 11% in total for 2023-24. The consultation proposes three options for a lower cap on rent rises: 3%, 5% or 7%. The government is also asking whether the lower cap should be applied for one or two years.