Thinktank calls for ‘double lock’ England private rent cap to ease living costs

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The Institute for Public Policy Research (IPPR) has proposed a new rent control system in England, advocating for a 'double lock' that would tie rent increases to either consumer price inflation or wage growth, whichever is lower. This recommendation aims to alleviate the rising living costs exacerbated by the ongoing Iran war.

Influential IPPR proposes capping rents at whichever is lower of consumer price inflation or wage growth UK politics live – latest updates 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. Continue reading...