A post-2025 social rent settlement will be decided in the first half of 2024, housing minister Rachael Maclean has said.

According to Maclean, a consultation on the settlement is due to be published before the end of 2023.

Addressing the National Housing Federation’s (NHF) summit this week, Maclean said: “I recognise the importance of setting a rent policy for social housing that strikes the right balance between championing our shared ambitions on quality and then what’s affordable for tenants and the welfare system.

“I’ll be considering again, together with the housing secretary, in the round as we publish our consultation on rent policy from 2025 later this year, before making decisions about rents and new requirements in the first half of 2024.”

Social housing rent rises had been capped at CPI+1% until 2025 – but huge inflation increases led chancellor Jeremy Hun to cap rent rises at 7% last year.

With the rent formula post-2025 yet to be confirmed, this week Maclean became the first member of the government to mention the issue.