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TODAY'S OTHER NEWS

Autumn Budget: Key points at-a-glance

The Chancellor Philip Hammond has delivered his Autumn Budget. Here are the key points of his speech impacting private landlords and the private rented sector (PRS).

+ Individual landlords operating property businesses, on a voluntary basis, will be permitted to use mileage rates to reduce the administrative burden for these businesses.

+ Around £20m of funding for schemes designed to support people at risk of homelessness will be introduced to enable them to access and sustain tenancies in the PRS.

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+ The government will attempt to encourage landlords to offer longer tenancies, with Hammond announcing that he will be launching a consultation on the issue.

+ In an attempt to bring empty homes back into use, local authorities are being given the power to increase the council tax premium from 50% to 100%.

+ From February 2018 the government will remove the seven-day waiting period so that entitlement to Universal Credit starts on the first day of application.

+ The corporate indexation allowance will be frozen from 1 January 2018

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