Why Labour's Rent Cap Won't Make Your Rent Cheaper

Labour’s proposal to cap rent increases at inflation for the first three years of a tenancy will help your tenure security because rent is the number one tool landlords use to get rid of a tenant. They have almost no restrictions on rent hikes so if they want you gone, they can just put rent up to an unaffordable level. Or if they don’t want you gone, they can raise the rents to make sure they’re squeezing tenants until their pips squeak. But by definition, with no market controls, this is the market rent, and Labour’s proposal is not a market control that will keep your rent down. This is because they have no plans to limit rent rises between tenancies – or indeed after your first three years are up. Read more on the Generation Rent website.