Question to the Department for Levelling Up, Housing & Communities:
To ask Her Majesty’s Government what is their estimate of the reduction of funds collected under the "pay to stay" proposals for household incomes of £30,000 outside London, and £40,000 inside London, and proposals to raise that to household incomes of £40,000 outside London and £50,000 inside London per annum.
It is estimated that setting the income thresholds at £40,000 nationally and £50,000 in London would significantly reduce savings from the policy. The policy would apply to a far smaller number of people and the operation of a taper means that tenants in this income bracket would be paying a far smaller contribution towards their rent.