The social housing sector has commercialised and diversified almost beyond recognition since 2011. That nothing has gone seriously wrong yet should be no cause for complacency, especially as we enter a period of rising inflation and interest rates. A single failure in the sector could be catastrophic, particularly given that the assets of housing providers primarily comprise people’s homes. We therefore welcome the strengthening of the regulator’s powers in the Social Housing (Regulation) Bil...

The social housing sector has commercialised and diversified almost beyond recognition since 2011. That nothing has gone seriously wrong yet should be no cause for complacency, especially as we enter a period of rising inflation and interest rates. A single failure in the sector could be catastrophic, particularly given that the assets of housing providers primarily comprise people’s homes. We therefore welcome the strengthening of the regulator’s powers in the Social Housing (Regulation) Bill. At the same time, however, the Regulator of Social Housing needs the skills and capacity to continue to regulate the economic standards effectively. H Type: conclusion | Number: 45 | Paragraph: 183 | Response status: not_addressed Government response: We welcome the Committee’s recommendations regarding our role, which are both timely and very helpful at this point. We will carefully consider them as we continue to develop our approach to proactive consumer regulation.