Tuesday 16th June 2020

(4 years, 5 months ago)

Lords Chamber
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Lord Greenhalgh Portrait Lord Greenhalgh
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It is fair to say that the differential between social and private rents has narrowed over a considerable number of decades. The policy of rent restructuring was started under the previous Labour Administration. However, as I said in response to a previous question, social rents continue to be at or around 50% to 60% of market rents. We are seeing a rise in rents overall, whether in the private or social sector. At this stage, we can say that being at around half the private sector level is a considerable discount in rent, although rents have risen dramatically overall.

Lord Bates Portrait The Deputy Speaker (Lord Bates) (Con)
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My Lords, the time allowed for this Question has elapsed. Before calling the next Question, I will take a few moments to allow the Front-Bench teams to change place.