Decision details

Housing Revenue Account (HRA) Strategic Review - Delivering Future Sustainable Services in light of Significant Increases in Inflation

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


Proposals to ensure the HRA budget continues to balance, within the context of escalating inflation risk.


1.    That Appendix 1 is not for publication on the basis that it contains information relating to the financial or business affairs of a particular person (including the authority holding that information) and/or information in respect of which a claim to legal professional privilege could be maintained in legal proceedings as set out in paragraphs 3 and 5 of Schedule 12A of the Local Government Act 1972 (as amended).


2.    To approve an increase to the current rents that are charged to tenants, effective from 14 November 2022. This will be an additional 4.1% for the rest of 2022/23, bringing the total annualised rent rise for 2022/23 from 1.5% to 3.1%. Details are set out in paragraph 3.1. 


3.    To approve a change from fixed to variable service charges for tenants based on the up-to-date actual costs of providing tenant services, which will mean a variable level of increase for the majority of tenants (as set out in paragraph 3.2). 


4.    To approve the above changes to service charges with effect from 14 November 2022 and for future years.


Report author: Martin Calleja

Publication date: 11/10/2022

Date of decision: 10/10/2022

Decided at meeting: 10/10/2022 - Cabinet

Effective from: 14/10/2022

Accompanying Documents: