Generation spent: can renters be better protected?
The cost of living is rising, as is the cost of renting. Zoopla estimates that rents are rising at the fastest rate in 14 years, which means that the average rent in the UK is now over £1000 a month.
This is partly a pandemic effect, especially in London as people return to offices. But Covid has also shaken people’s financial security - the Citizens Advice Bureau found that more than one in three renters felt insecure about their ability to stay in their tenancy during the pandemic. And women were disproportionately impacted - during the pandemic, mothers were more likely to be put on furlough or even lose their jobs.
Rising prices are not the only problem with the UK’s private rentals market - slow or unethical landlords, unsafe properties or short term tenancies are all problems faced by renters. What more can be done for the almost five million private renters in the UK?
Katy Balls, The Spectator's deputy political editor is joined by Nickie Aiken, the Conservative MP for Cities of London and Westminster; Karen Buck, the Labour MP for Westminster North, who is also the vice-chair for the All-Party Parliamentary Group on the private rental sector; and Esther Dijkstra, managing director of Intermediaries at Lloyds Banking Group, who are kindly sponsoring this podcast.
This is partly a pandemic effect, especially in London as people return to offices. But Covid has also shaken people’s financial security - the Citizens Advice Bureau found that more than one in three renters felt insecure about their ability to stay in their tenancy during the pandemic. And women were disproportionately impacted - during the pandemic, mothers were more likely to be put on furlough or even lose their jobs.
Rising prices are not the only problem with the UK’s private rentals market - slow or unethical landlords, unsafe properties or short term tenancies are all problems faced by renters. What more can be done for the almost five million private renters in the UK?
Katy Balls, The Spectator's deputy political editor is joined by Nickie Aiken, the Conservative MP for Cities of London and Westminster; Karen Buck, the Labour MP for Westminster North, who is also the vice-chair for the All-Party Parliamentary Group on the private rental sector; and Esther Dijkstra, managing director of Intermediaries at Lloyds Banking Group, who are kindly sponsoring this podcast.
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