Expect one thing to happen as a result of this - letting agency fees for landlords to rise.
Agents will look to recoup income by either increasing charges to landlords for letting a property or by increasing management fees, or a bit of both.
The Government clearly feels the need to continue its re-balancing of the tenant / landlord wealth divide in the economy.
One positive we might take, is the economy's reliance that residential property prices are maintained / propped up in the medium to long term.
The house of cards appears to be getting its base stuck down with a glue gun.
Landlords can of course avoid Letting Agent Fees altogether by DIY.
More comment on the ban on letting agency fees for tenants -
“I can announce today that we will ban [letting] fees to tenants as soon as possible” #AutumnStatement pic.twitter.com/Y9u3ZEFtzC— HM Treasury (@hmtreasury) November 23, 2016
Chancellor will introduce a ban on letting agents imposing fees on tenants "as soon as possible" #AutumnStatement pic.twitter.com/5Enn8yxsOO— BBC Business (@BBCBusiness) November 23, 2016
Autumn statement: Hammond to crack down on letting fees https://t.co/H5JxXzD4vT pic.twitter.com/iO4S9J46wn— Tessa Shepperson (@TessaShepperson) November 23, 2016
In today's Autumn Statement, the government is set to announce a ban on letting agent fees. Great news for the country's millions of renters pic.twitter.com/XsqkX0Cf6u— Shelter (@Shelter) November 23, 2016
Ban on letting agent fees announced by UK Chancellor could backfire and lead to higher rents: full industry reactionhttps://t.co/IIIZT7L6Xq— Property Wire (@PropertyWire) November 23, 2016
Letting agents hit by tenant fees ban warned against hiking charges > client @jeremyleaf comments https://t.co/NnsdDTea5j via @ThisIsMoney— Melanie Bien (@melaniebien) November 23, 2016
They'll pay somewhere along the way. https://t.co/I1KB063X7L— The Negotiator (@TheNeg) November 23, 2016
Banning letting fees is good news for renters but here’s what’s needed to unlock private renting for homeless people https://t.co/lKKj3aMLDF— CrisisPrivateRenting (@PrivateRenting) November 24, 2016
Take advantage of our discounted landlord insurance ratesNALS responds to news that Government intends to ban lettings agents fees in today's #Autumn Statement https://t.co/CgC5QctlqA #property— NALScheme (@NALScheme) November 23, 2016