Posted 29.07.13
The Government has published a summary of responses to its consultation on Pay to Stay proposals to charge higher rents to social tenant households on high incomes.
It confirms a household income threshold of £60,000 per year, which is likely to affect about 21,000 social tenanted households. The Government says it will consider all the issues raised in the consultation and recognises that there are some specific issues still to be addressed in implementing the policy, such as 'how income is to be defined'.
A further consultation will consider details on how the Government intends to take forward its favoured approach. However, a 'summary of responses' outlines the Government's planned steps, which include:
For further details click here.
