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Shadow Chancellor Rachel Reeves says Labor is considering introducing rent controls in certain hotspots, although it is not “Labour’s national policy”.
Mr Reeves told BBC Radio Essex: That may be the case in some areas, but as a comprehensive approach, I’m not convinced by it. ”
Sadiq Khan, who was re-elected as London’s mayor, has repeatedly appealed for his powers to control rents in the capital.
In response, a Labor Party spokesperson issued the following statement: “As Rachel Reeves said, she doesn’t believe rent control is the right approach.
“Labour believes that action needs to be taken to address exorbitant increases in tenant rents, but remains mindful of the risks to the availability of rental properties and the negative impact of reduced supply. Rent control is not Labor’s national policy for renters.
“In government, where the Conservatives failed to ensure fairness and safety for tenants, Labor acted to immediately repeal section 21, end tenant bidding wars, and extend the Hours Act to the private rented sector. It will expand.”
Last week, Labor commissioned a report recommending “third-generation rent stabilization”, meaning caps on rents and limits on price rises.
But Lisa Nandy, the shadow secretary of state for international development, is on record as calling them “band-aid” solutions. However, after this comment she was demoted from her role as shadow housing secretary.