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Labour, renters urge one-year rent freeze; Government says no.

4/29/2026

31 7 Full Breakdown

Summary

Story summary

Labour MPs and renters’ rights groups urged a temporary rent freeze as living costs surged due to the Iran conflict.
Chancellor Rachel Reeves proposed a one-year private-sector rent freeze that would spare new builds, although Downing Street said the government will not adopt it.
Shares of Paragon and One Savings Bank fell, prompting economists to warn that the freeze could lift rents in unregulated units and shrink overall supply.

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Story summary

Labour MPs and renters’ rights groups urged a temporary rent freeze as living costs surged due to the Iran conflict.
Chancellor Rachel Reeves proposed a one-year private-sector rent freeze that would spare new builds, although Downing Street said the government will not adopt it.
Shares of Paragon and One Savings Bank fell, prompting economists to warn that the freeze could lift rents in unregulated units and shrink overall supply.