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Tuesday, February 03, 2015

Labour suck up to Generation Rent

Labour are set to lay out their stall to attract the 'Generation Rent' vote.

The Telegraph have listed a bunch of Ed Miliband's election proposals for the private rented sector, including the introduction of new three year tenancies with limited rent rises and a plan to abolish 'rip off' letting agency fees.

Tory Minister for Housing and Planning, Brandon Lewis, has warned that Labour's policy of freezing rents would harm the housing market, saying

“Rent controls never work – they destroy investment in housing leading to fewer homes to rent and poorer quality accommodation.”

Whereas Labour's, shadow housing minister Emma Reynolds, justifies the proposals by saying 

“A Labour Government will introduce three year stable tenancies, put a ceiling on rent rises over the course of the contracts, ban letting agent fees on tenants, drive up standards and tackle poor energy efficiency.” 

NOTE: We've got another three months of this bickering.

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