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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Capping rents 'could make landlords leave the market'

Chris Walker, head of housing and planning at the think tank Policy Exchange has dismissed capping rents, saying landlords could potentially leave the housing market altogether.

Capping rents could potentially lead to landlords simply withdrawing from the market, if they don't get the price they need to make their investment economically sound.

– Chris Walker - Policy Exchange

Ahead of party's campaign for the European and local elections, Ed Miliband has pledged rent controls such as banning letting agents charging tenants fees and introduce three-year tenancies, if he came to power.

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