Soaring rents are costing London families more than £300 extra a month compared with eight years ago, it was claimed today. One million private renters are having to find £3,600 a year more, costing households £3.8 billion.
Sky-high London rents ‘costing families an extra £300 a month’
The scale of the squeeze was revealed in figures produced by Labour to support its policy of rent controls - writes standard.co.uk
Shadow housing secretary John Healey said rent rises since 2010 have cost families in England and Wales almost £10 billion more. London increases were twice as high as other regions.
Mr Healey said: “It should shame ministers that we are still seeing rent at sky-high prices.”
The Residential Landlords Association said Labour’s policy would “stifle investment”, making it difficult for people to find a decent place to live.
Labour leader Jeremy Corbyn has said he would make three-year tenancies the norm, and cap rent rises in line with inflation.
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