Private renters are desperate for more affordable rents - Teresa Pearce

Teresa Pearce MP, Labour’s Shadow Minister for Housing and Planning, responding to the private rented sector statistics released today:

“Private renters are desperate for more affordable rents. They will be disappointed but unsurprised to see an even greater rise in rent costs so far this year.

“After the Tories five years of failure on housing, rents across the country are rising above inflation, placing extra pressure on families’ already overstretched budgets.

“Average rents are now 20 per cent higher than the equivalent point in 2010, yet the Tories didn’t even mention private renters in their manifesto at the last election. The Government needs to act now to address the crisis in the private rented sector.”