Housing: Rent

Debate between Baroness Royall of Blaisdon and Lord Bourne of Aberystwyth

Tuesday 10th July 2018 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, that would certainly be helpful, and I am sure that the noble Lord opposite has heard that plea. We have announced £1 billion in the housing revenue account and the borrowing cap for bids is being lifted. The account is now open, and bids can be made until, I think, 7 September—certainly until the first week of September.

[Baroness Royall of Blaisdon (Lab)]

My Lords, the National Housing Federation and its counterparts in the devolved nations have urged the Government to halt the rollout of universal credit after a study found that tenants in receipt of that benefit are in £24 million-worth of rent arrears and that 73% of tenants on universal credit are in debt. Does the Minister agree that these tenants are doubly hit by the pervasive impact of universal credit and the fact that many of them have to pay unaffordable “affordable” rents rather than social rents?

[Lord Bourne of Aberystwyth]

My Lords, I will make sure that the noble Baroness gets a full response on universal credit. With regard to affordable and social rents, she will have heard what I said about social rents, and we absolutely intend to do more on that. Since the Spring Statement, we have announced fresh money for this, both for London and for outside London. I have also referred to the borrowing cap being raised and to the fact that the account is open for bids until the first week of September.