Wednesday, 30 January 2019

RENT-CAPPING KHAN?

The big news from City Hall last week was an announcement by Sadiq on rent controls, which saw landlords’ associations fuming and renters’ campaigning groups celebrating a big step forward. However, it is clear that rent controls or similar are far from imminent, as the Mayor does not actually have the legal power to impose them. So what has Sadiq actually committed to doing? In his press release, he said that Deputy Mayor for Housing James Murray and Labour MP for Westminster North Karen Buck will ‘develop proposals for rent stabilisation or control laws’ that he can implement – or more likely lobby the government to implement. The Mayor has long promised to present a comprehensive ‘London Model’ for the rental sector, but has to date unveiled most of his relevant plans and initiatives in a piecemeal manner – and last week’s announcement was much of the same. While he has provided little detail as to what form his proposed rent controls would take, Sadiq has not hesitated in telling the press that he will make them a ‘central plank’ of his 2020 election campaign.
courtesy of LDN 

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