Context
The question arises from a survey by the tenants' union ACORN that found 48% of private renters received rent hikes since January 2021, with some increases as high as 67%, exacerbating cost-of-living pressures and leading to poverty and homelessness.
Question
If he will give local government powers to set rent controls. In a survey by ACORN in September last year, 48% of private renters received rent hikes since January 2021, with some increases as high as 67%. This is fuelling poverty and homelessness during the cost-of-living crisis. Will the Government act now to freeze rents?
Answer from Felicity Buchan
The Government do not support rent controls in the private rental sector, as evidence suggests they discourage investment, lead to declining property standards and may encourage illegal sub-letting. In 2023, UK rents increased by 4.4% from January onwards. The Treasury has allocated a £37 billion cost-of-living package for 2022-23 and an additional £26 billion is available in the coming year.
Not addressed: The specific ask of freezing rents was not addressed, instead focusing on broader measures to alleviate cost pressures.
How: Under Review, Further Funding
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