Jeremy Corbyn has urged the introduction of rent controls as part of a broader reform plan to alleviate the financial burden on London's tenants. While the government plans to implement the Renters' Rights Bill—aiming to curb no-fault evictions and limit annual rent increases—Corbyn argues these measures do not effectively prevent landlords from reaping excessive profits. The rising rent crisis has left many tenants struggling, as illustrated by a case in which a flat's rent spiked from £1,200 to over £1,800 in Tottenham, highlighting the urgent need for more robust tenant protections.
Conall O Brolchain expressed the extreme stress induced by soaring rents, stating, 'Trying to find a home is very difficult.' The increases can 'destabilise your entire life.'
Jeremy Corbyn criticized the government's Renters' Rights Bill for allowing landlords to continue making 'excessive profits' and leaving tenants 'exploited,' indicating the need for stronger reforms.
Corbyn highlighted that current proposals don't sufficiently address the rent crisis, arguing rent controls are necessary to ensure affordable living in London.
The NRLA emphasized the importance of fairness in reforms, acknowledging the need to protect both renters and landlords amid the rising rent issues.
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