Landlords face rent caps under Labour

Tory MPs warned the shadow chancellor’s show of support for the “destructive” policy was a sign of things to come under Labour. “He’s basically going to just have carte blanche to do what he wants, which is not going to help young people in London in any way, shape or form.” He added: “It’s just an early example of the fact that Labour have just got away with so little scrutiny for years, and this is all now showing that as soon as you scratch the surface, they haven’t got a plan.” Theresa Villiers, the former Tory environment secretary, said: “If Labour want to wind back the clock and introduce rent controls, this would lead to fewer rental properties and the quality of those rental homes would be poorer. This kind of Left-wing ideology would end up making life harder for renters, not easier.” Hollow out the private rented sector Greg Smith, the Tory MP for Buckingham, said: “Labour is a huge unknown. “Damaging rent caps that would hollow out the private rented sector leaving millions in housing crisis is very much in the Labour playbook.” Ms Reeves’ comments came just a day after another shadow cabinet minister suggested Sir Keir’s core green energy pledge could cost almost 10 times more than the party has promised to spend. “In government, Labour would act where the Conservatives have failed to ensure fairness and security for renters, immediately abolishing Section 21, ending tenant bidding wars and extending Awaab’s law to the private rented sector.”