"Runaway rents are a national phenomenon, a new report from the New Economics Foundation (NEF) has found, rising between 6 and 9 per cent every year in every region across England. These regular above-inflation increases have left the lowest-income renters spending just under half their income (48.5 per cent) on rent, researchers add."
"Labour's Renters' Rights Act, which came into force this month, made sweeping changes to the rental system including the abolition of Section 21 eviction notices, an end to fixed-term contracts, and a limit on rent in advance requests. These are welcome security-boosting measures, the NEF said, but argues that the government must go further in also improving affordability for renters."
"Its report urges Labour to implement an emergency brake on rent rises, capping them to the lowest of inflation or two per cent. This triple-lock-esque measure would be a precursor to a sector-wide fair rents' policy that w"
Rents are increasing across England, with annual rises of 6 to 9 per cent in every region. Low-income renters spend just under half their income, at 48.5 per cent, on rent. Labour’s Renters’ Rights Act has introduced changes including the abolition of Section 21 eviction notices, an end to fixed-term contracts, and limits on rent paid in advance. The measures are described as improving security, but affordability remains insufficient. A New Economics Foundation report urges further action by implementing an emergency brake on rent rises, capping increases to the lower of inflation or two per cent. The report frames this as a step toward a broader fair rents policy.
Read at www.independent.co.uk
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