Labour Party launches ‘New Deal’ for private renters
Shadow housing minister John Healey today (5 June 2017) announced the Labour Party’s ‘New Deal’ for private renters.
Whilst FDR’s ‘New Deal’ was a response to the Great Depression, Mr Healey’s announcement is in response to the alleged “seven years of Failure” on housing since 2010:
- Housebuilding at the lowest level under any political party in peacetime since the 1920s;
- The lowest level of new affordable housebuilding in 24 years;
- Almost 200,000 fewer home-owners, with 900,000 fewer under 45s owning their own home;
- Rents rising faster than incomes for many;
- More families forced into temporary accommodation, with 120,000 children spending last Christmas without a home of their own; and
- Rough sleeping homelessness more than doubled.
According to the Party’s press release the ‘New Deal’ for private renters will consist of:
A consumer rights revolution including three-year tenancies with an inflation cap on rent rises and new minimum property standards.
So in essence, as the Labour Party Manifesto suggests, some form of statutory security of tenure, rent control and an as yet undefined set of standards – presumably quite distinct from the Housing Health and Safety Rating System (HHSRS).
Commenting on the launch of this and other (non-PRS specific) housing policies, Labour leader Jeremy Corbyn said:
“A Labour government will start on fixing the housing crisis immediately. High prices, excessive rents and the chronic lack of affordable housing are ruining the lives of young people, families and aspiring homeowners.
“As part of our massive housebuilding commitment, Labour will ensure 100,000 First Buy Homes are available at discounted rates to local first time buyers. This will transform the housing market and put the needs of younger house buyers and local workers first.
“Labour will usher in a new era in council house building to build more council homes than at any time for over 30 years so that the broken market is fixed to provide homes for the many, not investment opportunities for a wealthy few.”