INFLATION
Inflation rates are exceptionally high just now, sitting above 11% as at November 2022. While we would normally set our rents at or just above inflation, we understand this would be unaffordable for tenants. Instead, we expect to set rents well below this level as you can see below. Therefore, we must review what we can offer while protecting the services that are important for you and delivering value for money. It is very challenging to get this balance right, but we want to reassure you that any rent increase will be well below inflation.