The table below shows the potential rent increases as proposed in Brent Council's rent strategy using the formula set out in the Appendix. The Retail Price Index (RPI) will be used for 2014-15 and I have set that at 3.5%. It will be replaced in the formula in 2015-16 by the Consumers Price Index (CPI) which is generally a little lower than the RPI and I have projected that at 3%. Obviously this could change drastically depending on inflation and the economic situation so treat the figures with caution.
I have based the table on a current notional rent of £100 per week. (You can download a copy of this as an Excel spreadsheet and enter your own rent to see the projected increase for HERE)
I have based the table on a current notional rent of £100 per week. (You can download a copy of this as an Excel spreadsheet and enter your own rent to see the projected increase for HERE)
| Year | Rent (Weekly) | RPI/CPI | +0.5% | "+1% | Sub-Total | plus £2 per week | |
| 2014-15 | 100.00 | 3.50 | 0.50 | 104.00 | 106.00 | ||
| 2015-16 | 106.00 | 3.18 | 1.06 | 110.24 | 112.24 | ||
| 2016-17 | 112.24 | 3.37 | 1.12 | 116.73 | 118.73 | ||
| 2017-18 | 118.73 | 3.56 | 1.19 | 123.48 | 125.48 | ||
| 2018-19 | 125.48 | 3.76 | 1.25 | 130.50 | 132.50 | ||
| 2019-20 | 132.50 | 3.97 | 1.32 | 137.80 | 139.80 |
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