Private Rented Sector

Lord Bishop of St Albans Excerpts

Monday 20th June 2022 Lords Chamber

[Lord Greenhalgh (Con)]

I am not aware that we have undertaken a specific study on the impact of Airbnb on the private rented sector. However, we have a clear mission within the levelling-up White Paper to reduce the number of non-decent homes by 50% and therefore see equality of supply. We are looking at whether there is an erosion in the private rented sector through the annual English Housing Survey, which gives some indication of whether there is a need to dig deeper. So far, all indications are that the sector is robust; 4.4 million households are renting privately and it seems to work well. However, we are keeping that matter under review.

[The Lord Bishop of St Albans]

My Lords, I welcome many of the reforms. However, have Her Majesty’s Government made any sort of formal economic assessment as to whether these protections will do anything to address the higher costs of private rented accommodation, which can so often drive people to social housing? If not, can they assure this House that there will be sufficient affordable social accommodation for those who really need it?

[Lord Greenhalgh (Con)]

There are two parts to how the right reverend Prelate has put the question. The first is that we need to make sure that there is enough supply of social housing, otherwise people who should be in social housing rather than in private housing lose out. There is a real commitment in the affordable homes programme to deliver far more social rented homes: 32,000, which is double the amount of social rented homes in this period than in the previous one. On the cost of living, the best thing is to take action now, and there have been quite a few measures. Some are universal but some are aimed at pensioners; there is a separate one-off payment of £300 to 8 million pensioner households, and obviously there are the measures around people who require support around the costs of essentials. The Government have stepped in where there need to be specific measures, as well as universal measures around fuel bills. Equally, however, the right reverend Prelate is right that we need to ensure that we continue to build more homes and especially ensure that there are more social homes.