Reading Borough Increase in Council Rents

Reading Borough Council tenants are set to benefit from 10% increase in the Decent Neighbourhood Fund, which supports community improvement projects, as the Council keeps the annual rent increase to a below inflation rate of 3%.

This recommended average increase was brought before Cabinet at last night’s meeting (Jan 21) and a final decision will be made at Full Council on January 29, before the rent increase is introduced at the start of the new financial year in April 2013.

The proposed 3% increase is below the Retail Price Index (RPI) which currently stands at 3.1%, as the Council is mindful of the severe financial challenges being placed on families and tenants living in Reading.

The Council consulted with the tenant’s Joint Consultative Committee about the proposed rent increases for 2013/2014, who understood the need for an increase. On average, the 3% increase in rent will add a further £2.98 on to the weekly average rent for Council tenants.

Reading Borough Council offers tenants a Debt Advice Service with information on national and local support groups, where they can discuss their financial situation. Council officers are also on hand to talk to residents about managing their debt and finances to make manageable payments. For more information on this service please phone (0118) 937 2197.