Haringey residents to face inflation busting rent rises

11.28.00am BST (GMT +0100) Thu 7th Aug 2008

Tenants in Haringey's Council owned properties are set to be hit by a series of inflation busting rent increases over the next three years.

Information revealed by the Liberal Democrats shows that average rents are set to increase by nearly 16% from £78.25 to £90.58 by 2011. Local Liberal Democrats have criticised Haringey Council for adding yet more financial misery to cash-strapped residents crippled by rising food and energy prices and reeling from an unprecedented 6% hike in council rents this year.

Cllr Laura Edge, Liberal Democrat Housing Spokesperson, commented:

"This inflation busting increase will hit some of the poorest residents of our borough hard. They are already stretched by the unprecedented 6.5% increase this year and with the effects of the credit crunch looming large this is the last thing our tenants will want to hear."