Ed Miliband has got the reaction he wanted to his speech on the private rented sector, which he used today to launch Labour’s local election campaign. Landlords and nasty right-wingers hate this latest stage in his ‘cost-of-living contract’.
The Residential Landlords Association said rent controls ‘would critically undermine investment in new homes to rent and are not needed’ and the National Landlords Association said ‘the proposal for a three-year default tenancy is unnecessary, poorly thought-through and likely to be completely unworkable’. On Coffee House, Policy Exchange’s Chris Walker says ‘rent controls are at best misguided and at worst could be counterproductive, longer-term’. Grant Shapps suggested that these were ‘Venezuelan-style rent controls’.
Which is of course what Miliband wanted. He wants his announcement on longer-term tenancies for the private rented sector which will prevent ‘excessive rises’ in rent to follow the same pattern as his energy price freeze.
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