Labour's attack on buy-to-let property landlords will wreck the UK private rented sector

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Labour's attack on buy-to-let property landlords will wreck the UK private rented sector

The Labour part – 33 points ahead of the ruling Conservatives in a recent poll - plans sweeping private rental reforms in the buy-to-let property market

Labour's Shadow Levelling Up, Housing & Communities Secretary, Lisa Nandy, laid out the party's plans to reform the private rented sector on Monday. In her speech she essentially promised that, should Labour come to power, rent payments will be considered an ‘optional extra’ for tenants, with the party planning to end automatic repossessions for rent arrears. Source NRLA.

In short, if Labour win the next election in two years time, which looks likely, they will introduce reforms to the private rented sector including making it more difficult and longer to evict tenants who are not paying their agreed rent.

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In this video episode we also talk about:

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2 Pension funds dump shares and bonds, FT reports. Is this the start of the slump.

3 UK economy grew by 0.2% in second quarter to avoid recession, just!

4 Energy prices in the UK rise to £2,00pa on 1 October despite government cap.

5 US stocks record longest run of quarterly losses since 2008 market crash.

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