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
North Sea oil. 64 bn barrels. 40 bn extracted, 24 bn left. 38 quid a barrel. 1.5 trillion worth. Now you can’t get all of that as a fund, and its today’s value. The price was lower in the past, and you’ve got to pay to get it out. It’s not cheap.
So what about the socialist welfare state? It’s taken every penny of every pension contribution and spent the lot. No fund. Zilch. Zero. That leaves debts because people are still owed a pension.
Mr Median if they had a fund would have retired with 840,000 pounds in the fund. Instead he has no fund, but a share of the state’s pension debts of 240,000 pounds.
And you think Foot was good when Foot’s entire way of thinking is that the welfare state could do no wrong.
Leon Wolfeson
Oh right, the “problem” was not collapsing the economy.
No.
The problem was not getting value for the bailout, and not prosecuting those responsible for taking on the bad debts in the first place.
Guest
The poor were allowed to live, so you blame socialists. As you claim, once more, that negative figures after unemploymwent insurance magically becomes 840,000, when a half of that would require return rates seen only in scams…
Guest
Ah yes, the “treason” of paying pensions. Of having a NHS. Of not allowing the peons to starve in the street. You have repeatedly said you’ll fuck pension-holders, as you say that workers must not be allowed to pay in, by genocide. Again.
Stop blaming everyone else, Lord Blagger MP.
Guest
So you wrote nonsense in a rent book – and think this excuses illegal eviction.
As you show your bigotry against “foreign Eastern origion”, that’s what matters to you there, blah blah…and no, using the space bar and enter key is perfectly simple.
And I see, you’re flitting around in your private aircraft..