Spiralling housing benefit costs in the PRS mean it’s time to cut out the free market
Astonishing figures recently published by the GMB union show the huge profits that landlords in the private rented sector are making through housing benefit payments.
The numbers show how the welfare bill is directly inflated by the huge rents that landlords are charging to their tenants on housing benefit, costing the state millions each year and ending up in the pockets of a small number of people
Change renting culture…but what about the money?
Earlier this year, Ed Miliband set out proposals for Labour’s housing policy when in power. On the face of it, his plans are generally positive and certainly a step forward for renters. Writing in the Evening Standard and focusing on London, he called for a national register of landlords and the regulation of letting agents – both policies that chime with Generation Rent’s belief that these sectors need minimum standards of management and more transparency for tenants. Of course, we await the exact details of these policies, which would require enforcement powers and resources to ensure that they were effective.