Maggie Throup OBE MP, Member of Parliament for Erewash, has welcomed new legislation introduced to Parliament providing extra support with the cost of housing for 41,000 households across the East Midlands by increasing the Local Housing Allowance.
Having delivered on the Prime Minister’s priority to halve inflation last year, alongside global economic conditions stabilising, the 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 Government are supporting over one million families to meet current costs.
Maggie commented:
The 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.
As announced in the Chancellor of the Exchequer, Rt Hon Jeremy Hunt MP’s Autumn Statement, from April the Government will raise the Local Housing Allowance rate to the thirtieth percentile. This means that 41,000 people across the East Midlands will receive greater support with the cost of their rent - in line with increased rents across the private rented sector.
This ensures the most vulnerable families across Erewash are supported
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 this 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.
