delete Schedule to be substituted for Schedule 1 to the 1998 Order
This Order amends the Income-related Benefits (Subsidy to Authorities) Order 1998, updating technical parameters for calculating central government subsidy to local authorities for housing benefits. It substitutes revised Schedules for subsidy calculation formulas, updates the 'rebate proportion' for 2016-17 to 0.752,revises weekly rent limits for England and amounts for Wales, and amends references to include Part 2 of the Housing (Wales) Act 2014.
This regulation perpetuates a subsidy system that distorts the housing market by artificially supporting demand, maintaining rent limits that prevent price signals from clearing the market, and creating administrative burdens on local authorities. While the 2016 amendments are technically minor, keeping this Order maintains a framework of government intervention in housing that Mises identified as fundamentally problematic: price controls (rent limits) and income-based subsidies that reduce personal responsibility and distort capital allocation. The housing benefit subsidy system, of which this is a component, has contributed to housing market inefficiencies by disconnecting tenants from true market costs.