(2 days, 10 hours ago)
Commons ChamberI am not sure that I quite understand what the hon. Lady means by homes being manipulated out of the system, but I am happy to sit down with her and have a conversation about it.
Our transformative Renters’ Rights Act 2026 is changing the experience of private renting for millions of tenants across England, not least by empowering them to challenge unfair or above-market rent increases.
In Liverpool Wavertree, research by Crisis and Zoopla shows just 3% of homes for private rent are affordable for people who claim local housing allowance. The Office for Budget Responsibility has warned that the increase in tax on property income announced in the Budget could feed through into rents, making an increase in LHA more necessary than ever. What discussions has the Minister had with colleagues in other Departments on that issue, as well as on rent regulation linked to inflation and wages, to relieve the pressure on private renters and reduce the cost of increasing LHA?
At the Budget last year, the OBR assessed that there would be only a small impact on rental prices of 0.2% as a result of the 2 percentage point increase to property rates from April 2027, and we expect the further increase of 2 percentage points announced in the Budget last week to have a comparably small effect. Households who need additional support can apply to their local authority for help via the crisis and resilience fund. As my hon. Friend knows, the Government do not support the introduction of rent controls.