Social Housing Debate
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Lord Bates
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Social Housing
Lord Bates Excerpts(4 years, 4 months ago)
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Lord Greenhalgh
It is fair to say that the differential between social and private rents has narrowed over a considerable number of decades. The policy of rent restructuring was started under the previous Labour Administration. However, as I said in response to a previous question, social rents continue to be at or around 50% to 60% of market rents. We are seeing a rise in rents overall, whether in the private or social sector. At this stage, we can say that being at around half the private sector level is a considerable discount in rent, although rents have risen dramatically overall.
The Deputy Speaker (Lord Bates) (Con)
My Lords, the time allowed for this Question has elapsed. Before calling the next Question, I will take a few moments to allow the Front-Bench teams to change place.