Influential IPPR proposes capping rents at whichever is lower of consumer price inflation or wage growth
One of the thinktanks closest to the Labour government is urging ministers to introduce private sector rent controls in England, as the chancellor weighs up how to ease a surge in living costs caused by the Iran war.
The Institute for Public Policy Research (IPPR) has published a paper calling for a rent “double lock”, which would link rent increases to either wages or inflation, depending on which was lower.
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This article was originally published by The Guardian and written by Kiran Stacey Policy editor.
Read original article on The Guardian