Labour report proposes capping rent rises in England and Wales

A leaked report commissioned by Labour proposes capping rent increases in England and Wales at either consumer price inflation or local wage growth. The report also suggests measures like banning rent increases mid-contract and providing tenants with at least four months' notice of any increase. Average monthly rents rose by 9% in the year to February 2023. The Resolution Foundation predicts a potential 13% increase in rents over the next three years.