Branch Secretary : suz.muna.unite@gmail.com
  

New evidence that housing associations can afford decent pay

 

Sector optimistic and ready for future challenges

 

'Economic sentiment' among housing associations is at its highest level since the financial crisis according to an Inside Housing (pay wall) survey published this week; the ‘Health of the Sector’ survey was conducted by accountancy firm RSM.

 

Inside Housing quote Gary Moreton, of  RSM: “In the aftermath of the 2015 Budget, associations have shown their resilience and agility. As the sector braces itself for further welfare reforms, deregulation and increased pressure from the government to build, our survey shows that in general the sector is optimistic and ready for any future challenges.”

 

Standard and Poors say no credit downgrade after deregulation

 

In a further confirmation of the financial health of housing associations, the Standard and Poors rating agency have announced that the deregulation of housing associations will not lead them to downgrade the credit rating of associations.  Some had feared that this could lead to higher borrowing costs for associations.  

 

Details of the changes were produced by the HCA on March 15 and include removal of the requirement to obtain consent for disposals and constitutional changes and limitation of the regulators right to appoint managers and officers.

 

"...confident claims about the health of the sector to investors while pleading poverty to staff.  It is quite clear that they can afford to give staff decent pay and conditions..."

 

The sector booked a record surplus of £3.4billion last year, yet associations continue to squeeze the pay and conditions of junior staff while giving inflation busting increases to senior executives.  They make confident claims about the health of the sector to investors while pleading poverty to staff.  It is quite clear that they can afford to give staff decent pay and conditions. 

 

Surveys of  housing association staff have repeatedly high levels of stress and unrealsitic workloads combined with high levels of personal indebtedness.  Unite members are calling for a minumum 4% increase in the sector this year.

POST A COMMENT!

Before Posting

We welcome debate and discussion on our website, but we also want an open, respectful, inclusive space in which forms of abuse or personal attack will not be tolerated. Comments will be moderated and will be removed if they are found to be unduly offensive. You should also be very careful in posting information about your employer. Employers do visit the website and if you think a comment could get you into trouble for releasing confidential or sensitive information, or for bringing the employer into disrepute, please do not post it. It remains your individual responsibility to ensure that what you post is appropriate. Please therefore just give a moment's thought to what you are saying. The types of comments that are likely to be moderated are:


  • Personal abuse or attacks on an individual.
  • Information which breaches another person's right to confidentiality.
  • The use of offensive language, including swear words, or language which is racist, sexist, or otherwise breaches equalities standards.
  • Anything that might place the Branch or the wider union in legal jeopardy.
  • Adverts or information which is posted for commercial gain.

* Name
* Email (will not be published)
Website
Comment
* field is required

NEWS ARCHIVE