We looked at the latest arrears figures which show we are continuing to perform well on the income front.
The data is very similar to last year when our overall rent arrears stood at 0.83% - among the lowest arrears rates in the sector. Well done to everyone involved in maintaining this level of performance.
We will, however, be looking at welfare reforms in more detail as Universal Credit is rolled out across our operating areas in the coming months to gauge the impact this has on rent collection.
For example, initial studies have shown 89% of tenants on Universal Credit go into arrears. In Daventry, around 60 customers who receive Universal Credit had fallen into arrears after Christmas.
And based on forecasts, we may see a 4% increase in rent arrears due to customers on Universal Credit - so we cannot become complacent with our finances.