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    Rachel Reeves suggests that rent caps could be introduced under Labour
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    Rachel Reeves suggests that rent caps could be introduced under Labour

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    13 Comments

    1. Greenawayer on

      Rent caps have never worked and just make the situation worse.

      If Labour propose to overhaul the planning process and make building new homes easier and cheaper than it would be much better.

    2. Thetonn on

      This is economically illiterate nonsense. It should be disqualifying for any politician who seeks any position of substance in government to perpetuate this complete bullshit.

      You lose any and all moral authority to complain about Brexit or Truss while pretending this is anything other than even stupider.

    3. clydewoodforest on

      >*A party spokesman said: “As Rachel Reeves said, she does not believe rent controls are the right approach. While Labour believes action needs to be taken to address extortionate within-tenancy rent rises, rent controls are not national Labour Party policy as we remain mindful of the risk they could pose to the availability of rental properties and the harmful impacts any reduction in supply would have on renters.*

      >*“In government, Labour would act where the Conservatives have failed to ensure fairness and security for renters, immediately abolishing section 21, ending tenant bidding wars, and extending Awaab’s Law to the private rented sector.”*

      Labour seem to know rent controls are a bad idea, so I’m going to hope this was just Reeves being put on the spot and blurting out something unwise.

      I’m curious how they plan to ‘end bidding wars’.

    4. LiquidHelium on

      You know what the uk housing market needs right now? Less supply.

      Populist, economically illiterate drivel

    6. Strange-Owl-2097 on

      I do hope so.

      Introduce a rent cap and many landlords will decide to sell. This in turn will cause an influx of properties entering the market which will lower property prices across the board. Add in some first time buyer incentives and many of those same renters will instead be buying their first property.

      Get building some social housing while we’re at it and things might just start looking up.

    7. ImnotGreen on

      There needs to be a salary cap. 50k MAX per person per year. Then we could invest the surplus into housing the homeless and feeding the needy. God bless.

    8. George_Hayman on

      Catalonia have just introduced rental caps so it’ll be a real-life test to see whether it achieves the desired result. Right now a lot of renters are very happy that their rents can’t go up … but longer term it’ll be interesting to see what happens to (already scarce) supply of rental units

    9. plawwell on

      Rent caps lead to HIGHER rents in the long run. Don’t let these muppets force rents higher.

    10. exileon21 on

      Good that should finish the private rental market once and for all – and then we can see how that goes (we’ve plenty of global examples already but as so often the lessons need to be relearned)

    11. ThaneOfArcadia on

      Any form of rent control will mean landlords selling up, leaving less properties for rent.

    12. Captain_Jackbeard on

      Lots of “Rent controls are a bad idea, they’ve never worked” in this thread.

      Rent controls were introduced in the “Increase of Rent and Mortgage Interest (War Restrictions) Act 1915”.

      They changed a lot over time, but there was a provision to limit rent rises to stop profiteering until the Act was abolished in 1989. That’s 74 years of some form of rent control.

      Am I saying they work flawlessly in a vacuum? No, obviously they were around alongside other things like lots of social housing construction, (which we should do too). **But the fact of the matter is; rent controls we in place in the UK for most of the 20th century, and they were part of keeping rents down.**

      To say “we shouldn’t even look at them because they are bad” is just stupid, and often based on examples from other countries, ignoring our own history.

    13. Charming_Birthday906 on

      So another day of saying something to appeal to another type of voter. I am dreading the 5 years when they take over. Id rather keep the bad I am used to!