"A No 10 spokesperson stated that freezing private sector rents was not the approach they would be taking, emphasizing a focus on cutting bills and supporting renters alongside lower energy prices."
"Rachel Reeves indicated her willingness to use every lever available to address the cost of living, including for those in the private rented sector, without ruling out the rent freeze."
"Economists caution that while a rent freeze could lower rents for certain properties, it might lead to higher rents on unregulated properties and could reduce the overall housing supply."
Downing Street has rejected the idea of freezing private sector rents, despite the chancellor's consideration of it as a measure to alleviate rising housing costs due to the Iran war. A spokesperson confirmed there are no plans for a rent freeze, emphasizing a focus on reducing bills and supporting renters. Rachel Reeves, while not ruling out the freeze, indicated a commitment to addressing the cost of living. Economists warn that a rent freeze could lower rents for some properties but may increase them for others, potentially reducing overall housing supply.
Read at www.theguardian.com
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