Labour Should Be Capping Rent Increases - Richard Murphy

22nd July 2024

Millions of people living in private rented accommodation are still facing well over inflation-rate rent increases when increases in wages are falling dramatically as most inflation does as well.

This penalises those living in that accommodation in a grossly unfair way. Labour could cap rent rises so they must be less than the rate of inflation to control this.

It's time it did.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.

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