Miliband pledges cap on private rent rises

Labour would cap private sector rent rises, ban letting agents charging tenants fees and introduce three-year tenancies, Ed Miliband will promise as he launches the party's campaign for the European and local elections.

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'Bombing cities is only thing worse than rent control'

Sam Bowman, research director at the Adam Smith Institute said that "rent control is a stunningly bad idea that could devastate Britain’s cities and clobber renters. To paraphrase the socialist economist Assar Lindbeck: the only thing worse for cities than rent control is bombing them."

This comes as Ed Miliband pledges private sector rent rises, ban letting agents charging tenants fees and introduce three-year tenancies, ahead of his party's campaign for the European and local elections.

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