Question to the Department for Work and Pensions:
To ask His Majesty's Government what estimate they have made of the total saving to His Majesty's Treasury through (1) housing benefit subsidy, and (2) Universal Credit, of imposing a social housing rent cap at less than the usual level of Consumer Price Index plus one per cent.
The Government recently consulted on whether to make a temporary amendment to the CPI+1% cap on annual social housing rent increases. The consultation closed on 12 October and the government is carefully considering the responses.
Any decision to change the CPI+1% cap would subsequently be reflected in the fiscal forecasts (including of Universal Credit and Housing Benefit expenditure) that are published by the Office for Budget Responsibility, and the more detailed breakdowns of these expenditure forecasts that are published by DWP.