Minister denies renting reforms will stop landlords investing
Renters’ Rights Bill will not deter investment but will instead ensure landlords have the ‘confidence and support they need to continue to invest’ claims Housing Under-Secretary.
Housing Under-Secretary Baroness Taylor of Stevenage has robustly defended her Government’s renting reforms and denied they will deter landlords from investing in the private rented sector (PRS).
Instead, she told the Lib Dem’s Baroness Thornhill during a debate in parliament that: “Our Renters’ Rights Bill ensures that landlords have the confidence and support they need to continue to invest in the sector and we do not expect it to have a destabilising effect on the market.”
The Bill will make things better.”
She then added: ”We hope that the Bill will make things better.”
Baroness Taylor did, though, admit there was an imbalance between supply and demand in the PRS and that more long-term renting was needed but said: “There is no evidence of an exodus from the market.”
She said a study from the UK Collaborative Centre for Housing Evidence had looked at whether renting regulation and tax changes over the past 25 years in the UK and internationally had affected private rented sector supply.
No evidence
The report, she told Parliament, concluded that: “There was no evidence that that has had an impact. In fact, the PRS has doubled in size since 2002 and is now the second largest housing tenure, with over 11 million people living in the private rented sector.”
She then added: “We will continue to do what we can to support both landlords and tenants in that sector,” and that she was looking forward to “working with the House to deliver a very effective piece of renters’ rights legislation”.
Previous ‘reforms’ were not supposed to increase rents- how did that work out? Of course these people are clueless, they have no experience in the sector (or any sector for that matter) but who the hell is advising them?
Our political class are so removed from reality I often wonder if they exist on another planet.
Landlords are already disinvesting. You only have to look at ONS gov figures to see that.
Watch this space, its going to get worse.
The House she is speaking about is The House of Lords.
850 of the retired politicians with little or no experience of real life.
£365 per day when the put in an appearance,
£90,000 plus expenses to be an MP.
“There is no evidence of politicians being out of touch”
Like Americans, they do not understand irony.