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safeagent responds to the Chancellor’s Summer Economic Update

8th July 2020

Isobel Thomson, safeagent Chief Executive said:

“Today’s package of measures announced by the Chancellor demonstrate that we are all in this together. Schemes to create youth employment, the furlough employers incentive and boosts to tourism and hospitality are all very welcome. We know that for the Private Rented Sector, these measures have an important knock on effect in helping to support many tenants’ finances and their ability to pay their rent.

“safeagent applauds the £1billion investment in DWP which will be key to ensuring that Universal Credit is supplied when needed. We know the sterling work that job coaches do – not only in assisting with finding work but with support with budgeting and advice. 

“Meanwhile, including landlords in the Green Homes grant is a positive incentive to improving energy efficiency in the PRS and ultimately keeping energy costs down for tenants.

“Despite these positive plans, some renters will continue to face financial difficulties. Here, the role of agents is key in maintaining equilibrium in the rental sector, supporting them through managing their arrears and ensuring lines of communication are kept open between tenant and landlord. Helping tenants maintain their tenancy wherever possible is the best outcome for everyone – we know that is the aim of all safeagent firms.”

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