Rent controls would leave tenants ‘worse off’

Data from the Office for National Statistics (ONS) shows linking rents to inflation would leave many tenants out of pocket.

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The ONS’ rent index shows private sector rents across Britain increased by 1.1% in the year to January 2018. In London they grew by just 0.2%.

This is against a current inflation figures of 2.7% (CPI) and 4% (RPI).

The Residential Landlords Association (RLA) argues the figures show that calls by many in the Labour Party and elsewhere for rents to be linked to inflation would leave many tenants worse off.

The figures further highlight that social sector rent increases, currently based on CPI plus 1%, are growing proportionally more than those in the private sector. 

RLA policy director, David Smith, said:“Today’s figures show that rent controls are unnecessary and would act against the interests of tenants by making them worse off.

“Rent rises would be even lower if it was not for the punitive tax increases which the government has imposed on the sector and which will begin to bite far more over the coming years.”

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