1-2 of 2 results for subject:Inflation
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To ask the Secretary of State for Housing, Communities and Local Government, what steps he is taking to ensure that ground rent increases are kept in line with inflation.
To ask the Secretary of State for Housing, Communities and Local Government, what steps he is taking to ensure that ground rent increases are kept in line with inflation.
The Government response of 21 December 2017 to the consultation on ‘Tackling unfair practices in the leasehold market’ set out a range of measures to cut out unfair and abusive practices within the leasehold system. This includes introducing legislation to prohibit the development of new build leasehold houses, other than in exceptional circumstances, and restricting ground rents in newly established leases of houses and flats to a peppercorn (zero financial value).
To help existing leaseholders the Law Commission is reviewing the law on enfranchisement with a view to making it fair, faster, and cheaper for leaseholders to extend their lease or buy their freehold. They are also considering whether there needs to be a ban on transmitting unfair terms when a lease is sold on.
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of recent rises in inflation on the standard of living for the lowest income households.
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of recent rises in inflation on the standard of living for the lowest income households.
The Office for Budget Responsibility (OBR) expect inflation to average 2.4% over 2017 and 2.3% over 2018. Their forecast was reflected in the distributional analysis published alongside Spring Budget 2017.
The Government is taking action to support the lowest income households. This includes increasing the National Living Wage, raising the personal allowance, and freezing fuel duty.