Call for rent caps in the capital

12th December 2014

London Mayoral hopeful Diane Abbott has backed proposals drawn up by Generation Rent for a 50% levy on rents above a local cap in the capital. Money raised from the levy would go on affordable housing. Ms Abbott commented that businesses would benefit from rent controls because London would become affordable for staff. Generation Rent director Alex Hilton said: “This rent slavery, where people are ground down working to build their landlords’ buy-to-let empires, is untenable.”

Source:   Evening Standard (09/12/14)