Chancellor Rachel Reeves (main picture, inset) is considering a one-year rent freeze for England’s private rented sector as ministers scramble to contain the cost-of-living impact of the Iran conflict.
The Guardian reports that under proposals being discussed within government, landlords would be temporarily barred from increasing rents as part of a wider support package expected in the coming weeks.
The move would mark a sharp shift from Labour’s current stance, with rent controls notably absent from the incoming Renters’ Rights reforms due this week.
Sources suggest growing concern over rising inflation, energy costs and mortgage pressures linked to the war has prompted ministers to explore more interventionist measures.
NEW-BUILD EXCLUSION
The policy is said to be at an early stage, though a full freeze for 12 months is understood to be Reeves’ preferred option.
Any cap is likely to exclude new-build homes in an effort to avoid deterring development, as Labour pushes towards its target of delivering 1.5 million homes this parliament.
The idea has split opinion. Supporters argue rent controls could provide immediate relief for tenants facing affordability pressures, while critics warn they risk stalling supply by discouraging investment in new housing.
Prime minister Keir Starmer has already signalled households may need to adjust spending as the conflict continues, amid forecasts of rising inflation and weaker growth.
The Treasury declined to comment, describing the plans as speculation.
