Home renters across Hazel Grove Constituency are set to be hundreds of pounds better off thanks to the Government’s historic boost to housing support.
The new legislation will provide extra support with the cost of housing for 115,000 households across the northwest thanks to an increase in Local Housing Allowance.
Having delivered on the Prime Minister’s priority to halve inflation last year, alongside global economic conditions stabilising, the Conservative Government is now able to take the long-term decisions required to strengthen the economy and build a brighter future.
Exceptionally high rents, caused by global inflationary pressures, mean housing support provided to many on the lowest incomes have become out of step with market rates. By raising the Local Housing Allowance rate to the thirtieth percentile of local market rents in April 2024, the Conservative Government are supporting over one million families to meet current costs.
Over the next five years, £7 billion will be invested to support 1.6 million private renters on Universal Credit or Housing Benefit across the UK, benefitting households by an average of £800 for 2024-25.
This cost of living support is only possible thanks to the long-term, difficult decisions the Conservative Government took to get inflation falling and strengthen the economy.
Combined with the Back to Work Plan and other measures announced in the Autumn Statement for Growth 2023, only the Conservative Government will deliver a fair welfare system – supporting more people into work while providing a robust safety net to protect people from hardship during difficult economic times.
Commenting, Paul Athans, the prospective Parliamentary Candidate for Hazel Grove Constituency said:
“Supporting those who are most in need, is a principle of compassionate conservativism that I am committed to.
“This Conservative Government has a strong record in supporting those who need help with the cost of living – especially during the continued fight to keep inflation down and tackle higher energy bills.
“The Conservative Government’s decision to increase the Local Housing Allowance (LHA) means 115,000 people across the North West will receive greater support with the cost of rent – in line with increased rents across the private sector.
“This ensures the most vulnerable families across Hazel Grove Constituency are supported.”
Commenting, Work and Pensions Secretary Mel Stride MP said:
“Housing costs are the number one expense for families.
“This £1.2 billion boost to Local Housing Allowance, along with our landmark Back to Work reforms, reflects our fair approach to welfare – helping people into employment while protecting the most vulnerable with unprecedented cost of living support.”
To find out more about Universal Credit or Housing Benefit, as well as to check the provisional Local Housing Allowance rates published today, go to: Local Housing Allowance: indicative rates for 2024 to 2025 - GOV.UK (www.gov.uk)
