Today Ed Miliband will pledge a fairer deal for renters as home ownership remains at its lowest level for 30 years
Today Ed Miliband and Emma Reynolds will set out what action a Labour government will take to help ‘Generation Rent’. There are now nine million people renting homes, many of whom are young people or families just starting out.
The housing shortage is making it impossible for young people to afford homes – the average house price is eight times higher than the average wage. During this government we have also seen the lowest levels of housebuilding in peacetime since the 1920s. House of Commons analysis shows that on current trends, the average deposit of a home in the UK will be £72,000 by 2020 – it is little wonder that home ownership is at its lowest level for thirty years.
Today the Labour leader and the shadow minister for Housing will reveal how ‘Generation Rent’ will be better off by an average of £624 each under a Labour government. They will pledge to ban rip-off letting agent fees, legislate for three year tenancies to give renters security and peace of mind, and end excessive rent rises by putting a cap on rent increases during the new three-year tenancies.
Ed Miliband is expected to say:
“The amount needed for a deposit on a home has risen beyond the reach of millions of young people and families starting out.
“As well as building more houses and helping people get on the property ladder, a Labour government will take action immediately to make life better for all those renting their home.
“Moving house is an expensive time anyway and there is no reason why Generation Rent should be ripped by rules which don’t apply to property owners.
“The first Queen’s Speech of the next Labour government will set out legislation to ban letting agent fees charged to tenants. It will save Generation Rent £2.5 billion over the next parliament. And it will save the typical renter £624.”
Meanwhile Ms Reynolds will visit Hampstead & Kilburn, calling on young voters to make their voices heard in the election. She will be kicking off a national campaign to visit seats with high levels of private renters to highlight Labour’s policies.
Ms Reynolds is expected to say today:
“Renters have to work two days a week – the equivalent of working every day until the 28th May this year – before they pay the rent. But in return they get no stability, poor standards and they have to pay hundreds of pounds in rip-off letting agent fees.
“We are also committed to tackling the root causes of this crisis by getting at least 200,000 homes built a year by 2020.
“From now until the General Election I will be in key seats talking to voters about our plans for housing. And as part of voter registration week, I will be encouraging private renters, who are one of the most under-registered groups, to get registered so that their voice can be heard in May.
“Generation rent deserves a fairer deal. Only a Labour government is set on delivering it.”
42 Responses to “Generation Rent will be £2.5 billion better off under a Labour government”
LB
I don’t have a manners problem. Bluntly, you have a making it up problem
Where do you get 500 bn of QE? You’ve made that up, its 375 bn.
What’s been done with the money? Er, its been spent on Gilts. It’s been loaned to the government, which has spent it.
Ill ask my standard question of those who are fans of the state.
The state has spent every penny of pension contributions. It has no assets as a result. However, it has debts, massive debts.
How big are those debts?
We can then compare it with the profits, yes, profits, the state has made from the banking sector.
Nicholas Poulcherios
Ten minutes to spare. What deposit are you talking about? Deposits in the reference I made were kept by the college and later with the Estate Agents. The rents in the case I did not even mentioned -This guy unemployed was married 10 minutes or so away by car had a house and a family and was renting and claiming Unemployment benefit it seems, and canoodling with a young girl of ?underage. The R.C. Father saw my friend after the church and asked if he was aware of all this? On another occasion my friend saw a Lady coming down the steps of his house pushing the pram down with a young child , another child by her side ..and another one in the tummy. He helped her down and invited her in wondering! She asked him to give her her husband’s rent for her house as he move out since he lost his job! But my friend has not seen any rent from him for 3 consecutive months!. He go rid of him by telling him if he did not move he will be reporting the matter to the Council’s fraud department. Also Father— was considering going to the police regarding a personal matter involving a young girl. He left with 3 months arrears taken from the deposit, and given a month’s rent to the wife via the Father! This was before Mrs.T changed looked to change the housing Act. Another case landing the landlord with an Asian young man with …discovered a month later…enuresis!The new mattress and cover had to be renewed,and he did not want his parents to know the landlord knew…So he got him registered with his GP and proper handling of this so distressing if not well handled. His college work improved and life seemed happier and hopeful. It caused this landlord 2 mattresses and 2 covers until properly managed…What’s 2 mattresses when it ends in human happiness. I know of 3 more cases, but I will finish the this 4th one. A drug pusher, who paid the rent no problems but the landlord discovered from the smell in the house and the constant phone calls but the smell was so very characteristic On rent payment he gave him one week, not a month not a two months to pack his bags and go… the agreement was broken,and he was seemingly pushing perhaps… drugs…and the Landlord would have no choice but to ask the police for help.Saturday end of the week the Landlord called to check and collect the keys. He found him with a chest infection and having an asthma attach! He told him not to worry and drove him to the Wycombe Hospital’s A&E.. after seen by the medics, the Landlord drove him back and let him stay and get better. Visited him again end of the week.and gone home to his parents. Later on in the local paper we read his name as caught by the police! Alas this wonderful Disaster Planning A&E 5 minutes from a very busy Motor way the Tories closed it and now one has to go miles out through villages and towns to reach Stoke-Mandevile-Hospital, an already overstretched and understaffed Hospital. I have no idea where you got deposits and evictions, !! and what makes you an expert of efficiency! you haven’t even read my rather long statements. I could write a whole book about a Landlord’s case book under Tories and another one under Labour. TheTories spoil and pamper the Landlords and the Labour spoils and pampers people on welfare/ unemployed and nearly always leave the Landlord to play welfare and get the damages. One reason why perhaps people insist on Rent guarantors; Or expect the socials services to give the Landlords their Rent direct,and review this in a fair way to the satisfaction of both. All said Vote Labour my friend, because they will build houses NOT FOR SALE. And the Tenant must be responsible for maintenance, repairs and respect for the building.. Landlords Safety/Fire prevention, ware and tare,and a plan for painting/decorating. VOTE LABOUR.
Guest
No, you want to rob me, screaming that not paying pensions is good, as you fight the invisible socialists, as you demand I work for you and give you figures for free.
You then spew crap about pensions, making up figures, as your millions roll in. Pay tax.
Guest
Ah, so you’re crapping thrice on the table now, as you claim pensions are a con, blah blah…of course you see the peons as marks, and must rip them off as much as possible, and you try another scam. As ever.
Pay tax
Guest
No, you’re rich, you’re above little things like caring you admitted you were trying to scam someone, as you spout of “PENSIONS MUST NOT BE PAID” as usual, as you demand workers die rather than be allowed to work and pay tax.
Your claims that the damage the banking sector has done is a profit is typical, too. Pay tax.