Downing Street has firmly rejected suggestions that Chancellor Rachel Reeves is planning to introduce a freeze on private sector rents, describing the reports as misleading and without foundation. The speculation, which emerged over the weekend, had suggested that Reeves was considering a temporary cap on rental increases as part of a broader package to tackle the cost-of-living crisis.
Government Response
A spokesperson for the Prime Minister stated that there are no current plans to implement a rent freeze, and that the government remains focused on its existing housing policies. The spokesperson emphasised that the government is committed to ensuring the rental market remains fair and affordable, but ruled out any immediate intervention of this nature.
The reports had claimed that Reeves was exploring the option as a way to curb rising rents, which have been a significant burden for many households. However, sources close to the Chancellor have indicated that such a measure is not under active consideration, and that the government prefers to address housing affordability through long-term supply-side reforms.
Market Reaction
The denial from No 10 has been welcomed by landlord groups and property industry bodies, who had warned that a rent freeze could deter investment in the rental sector and lead to a reduction in housing supply. The National Residential Landlords Association said that while they understand the pressures facing tenants, a freeze would be counterproductive and could worsen the housing crisis in the long run.
Tenant advocacy groups, however, expressed disappointment at the government's stance, arguing that more immediate action is needed to protect renters from excessive increases. They called for alternative measures, such as stronger regulation of rental prices and increased investment in social housing.
The government has reiterated its commitment to building more homes and improving the private rented sector through the Renters' Reform Bill, which aims to provide greater security for tenants while maintaining a stable environment for landlords.
