Response from RLA to the Chancellor’s Budget

October 30, 2018

Responding to the Chancellor’s Budget statement, David Smith, Policy Director for the Residential Landlords Association, said:

“Today’s Budget fails the country’s private tenants.

“Whilst the Chancellor again outlined the Government’s desire to boost homeownership, he failed to address the needs of the millions of people who cannot or do not want to rent.

“With the demand for private rented housing rising whilst supply is shrinking, we needed pro-growth taxation measures to ensure that tenants have an adequate supply of housing to choose from. Despite being given innovative suggestions to protect tenants in their homes, encourage sale to tenants, and improve energy efficiency, we got a damp squib with little more than promises of further consultations. Eventually the government will need to stop consulting on the housing crisis and take action.”

Source of information RLA

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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