Housing Costs: Government Support Debate
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Chris Hinchliff
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Housing Costs: Government Support
Chris Hinchliff Excerpts(1 day, 22 hours ago)
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Chris Hinchliff (North East Hertfordshire) (Lab)
It is an honour to serve with you in the Chair, Ms Lewell. I congratulate the hon. Member for St Ives (Andrew George) on securing this important debate and on an excellent speech, as always.
I want to briefly encourage the Minister to speak to colleagues in the Ministry of Housing, Communities and Local Government about reconsidering the merits of a potential cap on rental increases. I know that the Government are determined to do everything they can to give the British public breathing space on the cost of living. For almost all of us, the cost of our home is by far and away the largest item on our monthly bill. Private renters spend an average of 36% of their income on rent, and although I fully support the drive for a new generation of council housing, it is clear that that will not substantially bring down costs for the nearly 5 million private renters in England in this Parliament.
The housing crisis is a crisis, and it demands immediate action. Research by the Autonomy Institute has shown that, as an emergency short-term measure while we build the genuinely affordable homes we need, holding rents at 2027 levels would save renters more than £14 billion over the next four years. That would substantially reduce the burden on public spending to support those who need housing allowance in private rental as well. I hope the Minister will take that suggestion to Ministry of Housing, Communities and Local Government colleagues.