Emma Reynolds MP, Labour’s Shadow Housing Minister, responding to research from Shelter on the ‘Rent Trap’ which shows 66 per cent of people can’t afford to save to buy a home after paying their rent, said:

“For a whole generation of young people and families the prospect of a decent home at a price they can afford is slipping out of reach.

“To tackle this crisis we need to build many more affordable homes but under David Cameron housebuilding has fallen to the lowest levels in peacetime since the 1920s. The Tory-led Government has also failed to reform private renting leaving 9 million renters with little hope of securing a stable home.

“Labour has a plan to build the homes our country needs, double the number of first-time buyers in the next ten years and to reform private renting by legislating for longer-term tenancies with predictable rents and a ban on letting agent fees to tenants.”

Ends