Labour have been attacked from voices across the political spectrum after pledging to change the rules on private renting.
A Labour government would make three-year tenancies the norm and would stop landlords from raising the rent above CPI inflation for length of the tenancy.
Conservative ministers have queued up to denounce what they call “rent control” while voices from the left have criticised the plan as well.
But some of the facts have got lost in the shouting.
It’s debatable whether this is a nationwide problem. ONS figures show rents across England went up by about 11.5 per cent between May 2010 and March 2015 – almost identical to the increase in CPI inflation over the same period.
There were significant real-terms increases in some areas like London, and alternative indices show higher prices rises across the country.
But official statistics suggest that the thing Labour wants – for rents to rise in line with inflation – has been happening anyway across England in the long-term. (more…)