May 1st, 2014

Labour’s Shadow Housing Minister Opposed Rent Controls

Red Ed today announces that a Labour government will impose new caps on rent increases on buy-to-let homes. His shadow housing minister Emma Reynolds is doing the rounds explaining why she supports what are effectively good old-fashioned rent controls:

“A third of renters are families with children. That’s why a Labour government will deliver 3 year tenancies with a ceiling on rent increases. We need more stability for tenants and landlords. Labour will introduce a fairer deal for both, Ed Miliband will set out reforms today.”

That’s not what Emma used to say. In January she went on Channel 4 News and told Cathy Newman:

“Rent controls are not going to work in practice.”

You said it…


  1. 1
    Ed Milibiscuit says:

    I am millionaire who owns my own home.


    • 5
      Socialism is theft says:

      High rents are just yet another ridiculous result of mass, uncontrolled immigration that only UKIP can fix. The laws of supply and demand. Not rocket science.


      • 10
        Bloomers in rain-soaked Bongo Bongo Land says:


        • 31
          @hateliebour says:

          I see the LibLabCons have decided not to spam UKIP and give them free PR, so all is now quiet, they have also forget to increase their PR for themselves, I suppose they think people will forget UKIP is here, as usuakl heads in the sand.


          • The Grim Reaper says:

            When Gordon Brown Stuff stole the pensions of millions of hardworking, tax paying savers many gave up on private pensions & switched to buy to let to ensure they wouldn’t be welfare dependent in old age.

            Now the Son of Gordon wants to punish these people too.

            Only the rich can afford to vote Labour.


          • The Growler says:

            Maybe their heads are made of sand


        • 40
          Raving Loon says:

          Maybe the MSM will learn its lesson and stop trying to bad mouth UKIP. Unless someone finds evidence that Nigel Farage eats babies, no one will care.


          • N.Farage says:

            Om nom nom nom


          • The Grim Reaper says:

            They are so desperate….they invent a course of action for Farage, speculate on it for days…..then if he doesn’t follow their advice, he’s “bottled it” or worse….


          • The Growler says:

            Don’t forget the Master wants you lot to vote Con, he has not given UKip his personal seal of approval (well he did at one time, but decided that Dave and his magnificent Cons was the way to go)


        • 42
          Jim says:

          Is this today’s Smear?


          • Old Nick Heavenly (alive and kikin) says:



          • The Grim Reaper says:

            Interesting how no one is calling the Scottish Nationalists a bunch of nationalist “Wacists”…………..


          • The Growler says:

            GR does that mean that all the Jocks in England and Wales will be treated as foreigners, that will mean a lot of Leading Cons being deported to Scotland.


          • Me says:

            Interesting….if the Scots choose independence….will they need work visas to come to England if not yet a part of the EU and will their currency be legal tender here?


      • 17
        Palab Gauche says:

        Not really. Property prices have soared because we consistently build less than population growth and long before Labour let in the Poles without the restrictions the rest of Europe imposed.

        It’s all about planning. We need to build hundreds of thousands more homes… and we need the Polish builders to do it.


      • 78
        Anonymous says:

        Plan wrong. Examples of issues:

        It would help if the last government did demolish a 100,000 homes with out any funded plans to replaced them.
        Planning law, is only for the rich, how can the masses afford to go through the mess we call planning in this country (I know from first hand experience).
        Local authorities should be forced to provide building plots on request.
        Land with planning permission, not built on for two years should be available for forced purchase by anybody for £15k per plot.

        Just a few simple rules that would get housing under control.

        Other countries manage without a shortage,


        • 93
          Socialism is theft says:

          Other highly-populated countries have not had immigration on the massive scale we have had here over the last 50 years.


          • Anonymous says:

            Years ago the BMP use to claim that ‘they are all just flooding in’. Now UKIP use the more modern, ‘immigration on the massive scale’. Sadly, with their over-blown scare-tactics, it seems that UKIP are fooling most of the people – enough of the time. But time will tell.


        • 138
          No plans, no comment says:

          Other countries that are not tiny islands with a policy of allowing in the other 3 billion people living anywhere on the planet?


      • 149
        Anonymous says:

        Greed and the City, the rip-off of Post Office share, NHS sell-off, the danger of a Third Would War, winter flooding – all the result of mass, uncontrolled immigration? Sorry, winter flooding, now was not that due to the gays?


    • 108
      M says:

      Too much immigration flooding in & not enough infrastructure to cope , housing and rent are 1 part of this problem as Britain becomes an economic refugee camp for the eu
      Perhaps milliband should ask the eu for infrastructure assistance to house their economic refugees ?
      Unfortunately he hates the British people and won’t stand up for us so
      he’ll take all your money first ,
      if you’ve got a gold tooth don’t smile at milliband


      • 124
        The Growler says:

        Pause for a moment and think why the powers that be wanted to encourage immigration, a big motive is to import ready trained doctors, nurses, engineers, IT specialists, etc it costs a lot of money to fully educate and train such people, so cheaper to get ready trained and at the lower end, cheap labour eg in labouring type jobs and care workers.


        • 135
          Cinna says:

          Yes we know what Labour’s policy was, and is. You also forgot to mention that Labour’s immigration policy forced the wages and salaries down of the population at at large. Thus contributing to Mad Eddie’s “cost of living cwisis”.

          And another thing; I cannot speak about doctors and nurses, but as for “engineers” a lot of them that Labour allowed were and are complete numpties.


    • 160
      broderick crawford says:

      Is this woman a physical as well as a cerebral shapeshifter ?

      If so she ll need to be crosshaired by David Icke and categorised with all those other Bilderbergers who turn into lizards at the dead of night in Bohemian Grove once a year.


    • 161
      broderick crawford says:

      Yes and about that Eddie …. where exactly DID the family
      money come from ?

      After all one doesn t get very fat on a lecturers salary or indeed the odd few royalty cheques from book sales .

      Conversely there was certainly a flourishing black market in many things during the war …..


  2. 2
    Prime Minister David Cameron says:

    Has Maria Miller resigned yet ?


    • 23
      Boris says:

      She’s got a very silly hair do.


    • 28
      Tarquin says:

      Yes — but fortunately you are still in “power”

      P.S. Can you speed up divorcing for Bumsex Marriage? I’m really fed up with Justin bending over for your Tory M.P.s. I want to dump him asap.


      • 154
        The Growler says:

        Sorry Tarquers old boy, there no provision divorce allowed for, so I’m afraid you are stuck with lover boy


  3. 3
    Uncle Fester says:

    What a bloody stupid idea. This core vote strategy stuff is the reaso Labour were in the wilderness for 18 years


    • 33
      jgm2 says:

      This core vote strategy stuff is the reaso Labour were in the wilderness for 18 years

      1800 years too few as it turned out.


    • 155
      Anonymous says:

      An attempt to help people keep in homes – what a bloody stupid idea. As if the likes of you have to worry about the Cost of Living? .


  4. 4
    Tooth fairy says:

    Surely people that invest in property are the saviour of those needing homes?

    Once interest rates increase again, and rent controls are in place, the investment would not make economic sense and therefore rental property will be taken off the market and the houses then sold.

    Those that rent will find it even harder to find a place to live.

    We should be supporting the BTL investors, the majority of whom are not rich and have massive portfolios but are single or a couple of properties.


    • 36
      A House says:

      Labour know that. Do undertsand – they dlon’t really care. They only care about quick soundbites and scroungers’ rights.


      • 47
        Anonymous says:

        the three year tenancy will only apply to those who take out a btl mortgage after the election


    • 43
      Harry House says:

      Logical fail? Do houses disappear if sold? No. Some current renters would buy if houses were sold off en masse.

      That said, rent caps is the wrong policy simply because rents are not rising in many places, although I guess each market has its local dynamic. Rents are generally tied to local earnings and they have been under pressure for a while. There’s no reason to expect rents to rise dramatically anytime soon, whatever happens to interest rates etc.

      Places I rented over 6 years ago are available for the same (nominal) rent I paid then.


    • 59
      Maximus says:

      Exactly who is investing when the mortgage is 100%? Are banks are no longer insured against losses if a forced sale cannot recover the initial principal? Is that a racket or what?


    • 67
      jgm2 says:

      BTL will be shielded from any legislation that might lead to a loss in income or a loss in the value of property portfolios for the simple reason that so many MPs (of all colours) have spent their time in parliament amassing large property portfolios paid for from second home allowances and refurbished on expenses.

      This simple observation explains why Brown allowed an obvious housing bubble to develop from 2001 onwards and why all the stops were pulled out in 2008 (and since) to keep property as over-valued as possible.

      60bn quid of taxpayers money bunged to the banks to stop mass negative equity. Who do you think were some of the chief benificiaries of that decision? Yep. Labour MPs with lots of London property. Darling for one. Brown himself too.

      Who do you think (some) of the chief benificiaries of this ‘Help to Buy’ scheme are? Yep, Tory MPs with London property portfolios escalating by 15% or 20% per year in value.

      For me, the most illuminating piece of political news of the past 10 years was the expenses scandal. It finally explained to me why people who were supposedly running the UK for the good of the nation were, in fact, obviously only running it to ensure that property values kept increasing way beyond any sensible inflation measure.


      • 69
        Anonymong says:


        “It is difficult to get a man to understand something, when his salary depends upon his not understanding it!”


      • 120
        M says:

        In brief then
        To busy lining their own pockets to give a fuck about the long term health of the economy .
        Politicians get thier A levels at Westminster & do their PhD in Brussels


    • 130
      Mathers says:

      So a flood of ex rental properties swamp the market … increasing supply and reducing prices. Sounds like a good thing if you’d rather buy than rent.


    • 146
      Edmund says:

      A buy-to-let mortgagee is not “investing”. They are borrowing money against an asset, hoping to profit through rental income and asset appreciation. This borrowed money is created out of thin air by the magic of fractional reserve banking. As the Government via the BoE is ultimately in charge of creating this money they have every right to attach strings to it. I don’t agree with rent controls for buy-to-let (unworkable) but it would be very easy to apply a lower fractional multiplier to buy-to-let mortages making them less attractive to lenders.


      • 163
        Anonymous says:

        They are hoping to profit through highly leveraged asset appreciation i.e. investing. House prices are so high now that the returns from renting are dismal.


    • 164
      Anonymous says:

      If we stopped subsidising BTL with tax breaks, rents and prices would both fall. MPs get enough support already.


  5. 6
    John Lewis says:

    Oh how the Lib Dems and Tories squeal at this “state interference”.
    But wait. Who first introduced Rent Controls in the UK/ Oh gracious. It was a Liberal/Conservative coalition.

    And there’s more: It was the Liberals who strengthened those first controls just a few years later.

    How very embarrassing.


    • 13
      Observer says:

      And how did those controls work out?


    • 19
      @hateliebour says:

      LibCraps like Liebour use or steal everybody else’s money except their own, part of the EU rubbish who are now going to steal pensioners money.


    • 55
      Emma Reynolds says:

      Oh I just anything if I think it’ll get me more votes, you’re thinking too hard.


    • 126
      The Critic says:

      Indeed- in 1915 as a wartime measure. State interference in wartime is not unusual and probably necessary.


      • 136
        Cinna says:

        Yes and as a result of strikes by all the bolshie Scots shipbuilders. Another piece od Scottish trade unionist treachery in wartime.


  6. 7
    TheOldCodger says:

    Honestly you couldn’t make up this rubbish coming out of Mili’s mouth.


  7. 8
    Ohthisbloodypc says:

    I wonder if Cathy Newman will fact check that one

    No, I don’t think so either


  8. 9
    Socialism is theft says:

    Ed Milliband, Nick Clegg and David Cameron – three arses sharing the same seat.


  9. 11
    Lurch to the Left says:

    Hilarious. Agents forbidden for charging tenancy fees will just jack up rents.

    Plus making it harder to rent out property will shrink the supply of rental property meaning less choice and higher rents.


  10. 12
    Anonymong says:

    Are there any examples of rent controls working anywhere, ever?

    Milliband would look a lot like Maduro if he grew a moustache, or maybe that would be Bob Carolgees. Damn this is confusing.


  11. 14

    Well done Miliband , you have just triggered a huge rise in rents before the next election as property owners seek to insure themselves against the remote possibility of you winning !


    • 18
      anon says:

      He really is as thick as two short shites.


    • 33
      Anonymong says:

      I think he’s also triggering a consistent rise in rents after the election too, should this policy come into effect.

      Government issuing a pricing signal to landlords that an inflation-linked rise each year is acceptable, means that they can all raise up to that limit safe in the knowledge that everyone else is doing it.

      This sort of thing could have the exact opposite effect to that intended. It’s like landlord forward guidance, as if they weren’t getting enough help already.


      • 54
        SIZE 14 CARBON FOOTPRINT says:

        That is another principle that I always find mystifying ‘rises in line with inflation’ if they all stopped doing this then surely much of the inflation would never occur ,this must apply across the board ,not only in rents or am I missing something?


        • 166
          Anonymous says:

          Yes. Inflation is not caused by prices rising (ex nihilio), rising prices are a result of the devaluation of money by governments and central banks printing more and more of it.
          Gormless Ed is hoping that forbidding prices to rise will prevent prices from rising despite this devaluation of the money.
          Problem is it’s not going to work. There are a countless number of failed attempts to do this throughout history, from Diocletian to Mugabe.


          • SIZE 15 CARBON FOOTPRINT says:

            But the inflation is caused by the devaluation of money simply raising prices BECAUSE of inflation must in itself be inflationary.


  12. 15
    ShepshedRichTea says:

    you can not tell a landlord how much he should charge rent more than you can tell the local sweetie shop how much they should sell Texan bars for! Bloody socialist nonsense.


  13. 16
    Guy News Room says:

    Gerry Adams remains in custody after being arrested in connection with the murder of a woman in 1972.

    Will he be charged later today ?


  14. 21
    NeverRed says:

    If this socialist freak Emma would replace the mop stuck on top of her head and put her mouth to good use sucking instead of blowing out a whining noise she would be most shaggable.


  15. 24
    Plonker Alert says:

    What a plonker. If they built more houses rents would go down.

    Instead he’s trying to rig the market. But it will reduce the supply of homes for rent and drive up prices.

    Labour look more and more unelectable every day.


    • 39
      Basic economics. says:

      If they reversed immigration rents would go down.


    • 137
      Crowded Isle says:

      ……Reduce the insane amount of people here,stop subsidising fat cat landlords with benefits of taxpayers money,they should not be benefit recipients,inspect rented property and confront the landlord if it is sub standard,with sanctions! ..Public Health Inspectors should inspect every rented property,public and private,then,check out the sheds!


      • 162
        Anonymous says:

        If you follow the Adam Smith institute link to ‘Planning Controls’ you can read how more of Surrey is Golf Courses than housing, thanks to ‘Green Belt’ controls. Everything the government touches turn to crud.


  16. 25
    Bird's Nest says:

    What her hair needs, is a mop bucket.


  17. 29
    bergen says:

    It’ll be back to the good old days of bogus “holiday” lets of 6 months, restricted contracts (bet Ed’s never heard of them) and “shared ” facilities.

    It might be a short term vote winner but it will make the housing shortage far worse once it takes effect.


  18. 30
    Jeremy says:

    ” Eany meany miney moe.

    Catch a nugger by his toe

    If he screams let it go…..” Well that’s fair enough, you wouldn’t want to inflict pain.


  19. 37
    Cut demand. says:

    Why can’t politicians face the blinding obvious? Immigration increases population, more demand for housing with limited increase in supply means massive increase in price.

    And no the solution is not a massive increase in supply.


    • 53
      SleeplessInKirkcaldy says:

      And low interest rates means mortgages are historically more affordable so prices boomed. A perfect storm for pushing prices up.


  20. 38
    Jim says:

    Labour finding new ways of buying more Votes with taxpayers money?
    Why don’t they build the Social Housing that is needed?
    Not enough Votes quickly enough in time for 2015?


    • 52
      21st Century Slums says:

      Social housing, affordable housing and so on are an abomination that no politician who advocates them would actually go and live in.

      The easiest solution is to control demand and with a falling birthrate that means an immigration policy that does what it says on the tin.

      If a country can not produce enough food to feed its population then that country by definition is overcrowded beyond its means.


      • 65
        SIZE 14 CARBON FOOTPRINT says:

        I can think of no circumstances where a builder would go out of his way to build UNAFFORDABLE houses, unless he suddenly went barking mad, bat shit bonkers!


        • 80
          Ticks on a box says:

          Exactly. Affordable homes mean diddly squat and are just politically correct hovels tacked onto a building scheme so that it gets planning permission.


          • SIZE 14 CARBON FOOTPRINT says:

            Who would spend good money buying a house if they are going to move in a lot of moronic chavs next door ,because the only ones buying these ‘affordable homes’ in the end are local councils.


          • L Gross Man says:

            And what kind of a house does this upper-class prick live in?


        • 127
          The Critic says:

          Excellent -Ed wipes out the construction industry in one fell swoop. He really has been a star pupil for Hollande.


    • 121
      Vlad the Loudhailer says:

      There is nothing so bad a politician can’t make worse and Milliband seems to be excelling at this.


    • 158
      Anonymous says:

      And yet, under Right to Buy, it was the Tories that ripped-off the taxpayers – by almost giving away state council housing assets. How’s that for using public money to buy working-class votes?


  21. 41
    Roger Dewhurst says:

    Rent controls simply stop building.


  22. 44
    Lady Virginia Droit de Seigneur says:

    Ed really has gone bonkers – not even Mc Twat attempted this. Does he not realise that rental property is just like other investments – return is assessed v risk. Capping the rent will just make supply dry up and there will be little new development as it will become econnomically unviable.

    We really are heading for disaster if this plank is elected next year.


    • 76
      Anonymong says:

      To be fair he’s just trying to fix the effects of previous disastrous government interventions with more government interventions.

      It’s moronic, but Labour aren’t unique in causing unintended consequences in the housing market.


    • 144
      Village Idiot says:

      …..We have been in a disasterous state since Windrush, 1975 EU vote and the years of terror, 1997-2010 anno domini!…Nothing to lose anymore,fresh start and all that,Augeun Stables or summut!

      1967, I looked out,and I saw, “Great Britain”….
      2014, I looked out ,and I saw, “Little Britain”…..


    • 148

      Yes. Land and buildings will start to disappear.


  23. 46
    Twit Pic! says:


    • 113
      I says:

      Oh look. The ruling class. What a fucking shower.


      • 159
        Anonymous says:

        That said, given the fate of the LibDems, Charles Kennedy does not seem that bad. Yes he had a problem with drink – but did not Churchill?


  24. 49
    There's a good boy...suck it up says:


  25. 51
    Ministry of Information says:

    Whoever controls the present controls the past, whoever controls the past controls the future.

    The Murdoch press which infiltrates all media, except the Morning Star, will be purged and its journalists will be non-persons.


  26. 57
    Totty Watch says:


  27. 60
    Starry Fred says:

    David Cameron ate my willy.


  28. 70
    Woof cut. says:

    My dog has got a better coat than her barnet, even after he’s rolled in dog shit and has been hosed down.


  29. 74
    Rabid fruitcake says:

    Tim Montgomerie three days behind the curve as usual.

    Fucking pooftah!


  30. 75
    In the interests of balance says:

    TGhe private rental sector has become a form of modern day slavery. There is no need for a ball and chain anymore, housing is the proxy to extract wealth that someone else has worked for


  31. 77
    LibLabCon & MSM says:

    UKIP, UKIP, UKIP, racism, UKIP, UKIP, sexist, UKIP, UKIP, racist, xenophobic, UKIP, UKIP, hates gays.


    • 95
      You forgot... says:

      Frit, Wife on the payroll, Jailed MEPs, Irish actor in anti-migrant worker posters, a bigot a day, weirdo donors


      • 145
        Village Idiot says:

        …You forgot to say, UKIP, the only party to want home rule and an exit from the merkelisation project,the EU!

        We want our country back and the only choice is UKIP,as the others want to remain at merkells, apron strings!….Political correctness no longer works,nor does the accusation of Racism,nor the bigot label dished out to someone with a different view!


    • 142
      Cinna says:

      Yep, that why we love UKIP to bits.


    • 156
      Anonymous says:

      UKIP policy in one bite. And it should be not enough for their core-voters?


  32. 83
    Rev. P Flowers says:

    Rent controls simply won’t work.


  33. 84
    ʍȫʊʂʂȁ ҞϴџṦṦậ says:

    Tenancies are regulated in the rest of Europe where housing is also much (much!) more affordable.

    Three questions spring to mind :

    Could there be a connection between affordability and regulation?

    If so, might the same connection be applied elsewhere, like, say, by re-nationalising essential services like water and electric?

    Which god-awful greedy party of rich offal de-regulated housing and essential services in the first place for the benefit of an elite rich few?

    Surely not?


    • 103
      Socialism is theft says:

      Could there be a connection between the massive increase in population over the last 50 years thanks to large scale immigration and the cost and availability of houses? It is easy to say build more houses, but where? In areas liable to flood? There is not just a shortage of houses there is a shortage of land which has made the cost of building HS2 so expensive.


    • 109
      jgm2 says:

      Don’t forget the 60bn quid of taxpayer’s money used to bail out Labour MP’s London property portfolios.


    • 110

      BULLY for the rest of fucking Europe , just because they do it does NOT mean we should , someone ,somewhere is paying for it through his taxes .
      You are just the kind of cretin that needs to live in a world of nanny state regulation unable to think or act in his own interest ,impotent unless led by the hand , the type who can barley wipe his own arse unless he receives instructions ,in short a labour voter.


    • 147

      Yes but remember the posters here once say a picture of a supply/demand curve and believe that is all they need to know about economics. Obviously if these landlords are regulated they will simply move the properties to less regulated countries.


  34. 85
    Genghiz the kahn says:

    Ed Miliband must have skipped the lectures on Economics which covered rent controls and their unintended consequences.


  35. 86
    Anonymous says:

    Perhaps Labour MPs should pass tests in financial and economic incompetence to ensure consistency of poor erformance such as spendthrift with massive debt, huge off balance sheet liabilities and always extra taxation for the latest pipe dream.
    On the other hand maybe there’s no need?
    Perhaps their dogma makes them incompetent enough without incompetence training?


  36. 107
    Weird Ed says:

    Vote for me, vote for me:

    No welfare cuts
    Free Money
    No Bedroom Tax
    Smaller energy Bills
    Free food
    Cheaper rents
    Cheaper petrol
    Less inequality – I’ll confiscate the money earned by the rich and give it to you
    Fewer JCP sanctions
    The end of workfare
    Mansions for the poor (but no mansion Tax for Labour voters)

    Vote for me for your free share of other people’s money


  37. 117
    Htched to UKIP and a woman says:

    We culd put all the homosexualists in huge out of town warehouses whre they can party 24/7 and each have a cottage of their own with en-suite facilities and communal golden shower rooms
    This would free up lots of desirable inner city properties
    Blacks could do all the moping up, live in portacabins and consider it a paradise
    One poof raping another would be legal as they like that kind of thing

    They would be in heaven


  38. 118
    Nigel Hitler says:

    Can I rely on your vote?


  39. 122
    Anonymous says:

    “Rent controls are not going to work in practice.”
    But unfortunately, I work for someone who is not prepared/equipped to argue the merits of the case? Thank heavens we don’t live in a democracy that stops/starts where the floor coverings in the Houses of Parliament start/stop. Because then debates like the one on last evening’s Newsnight might break out. A discussion which examined the growing wealth gap across the nation, and the wisdom of allowing it to continue. Strange that no one pointed out that, those in poverty are unlikely to purchase the products produced by plutocrats. No matter how much they might aspire to.


  40. 125
    Oh, really? says:

    I someone has a one year contract to do a job away from home, where does Mr Milliband think they will live? In a tent?

    Ed Milliband. The unthinking politician.


  41. 167
    A Former Assistant Secretary of the US Treasury says:

    Looks like the West are now going to conscript Ukraine’s kids for yest another Neocon war.

    Ukraine to restore conscription

    How long will it be before they want your kids?


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Find out more about PLMR AD-MS

Ralph Miliband on the English…

“The Englishman is a rabid nationalist. They are perhaps the most nationalist people in the world.”

Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.

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