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Reeves Proposes “Double-Lock” Rent Cap, Targets 4 Million households

5/11/2026

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Summary

Story summary

Institute for Public Policy Research proposes a rent “double lock” capping rent rises to the lower of wage growth or inflation.
Chancellor Rachel Reeves says she will use all levers to lower renters’ costs after Downing Street rejected a one-year rent freeze.
The plan caps rents for tenants at lower of CPI or wage growth, adds £600 million to housing benefit and targets 4 million households spending 30 % of income on rent.

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Story summary

Institute for Public Policy Research proposes a rent “double lock” capping rent rises to the lower of wage growth or inflation.
Chancellor Rachel Reeves says she will use all levers to lower renters’ costs after Downing Street rejected a one-year rent freeze.
The plan caps rents for tenants at lower of CPI or wage growth, adds £600 million to housing benefit and targets 4 million households spending 30 % of income on rent.