New Prime Minister Andy Burnham has confirmed that rent controls are being considered as a measure to help renters cope with the rising cost of living. In his first speech as Prime Minister on Monday, Burnham promised to offer “breathing space” to those hit by rising prices, sparking speculation about a potential rent freeze for private sector tenants.
Burnham's First Speech as Prime Minister
Speaking to a crowd outside Downing Street, Burnham outlined his vision for a new political and economic model, saying, “We will make this moment a circuit breaker for Britain, bringing forward the biggest changes in the last 40 years.” He criticised the policies of the 1980s, which he said led to centralised political power, privatised economic power, and deindustrialisation that many areas have yet to recover from.
Burnham emphasised a collaborative approach to politics and pledged to decentralise power, stating, “We will take power out of here and carry it into every postcode in the land so that they can do more.”
Cost-of-Living Support Package
Following his speech, Burnham addressed reporters, revealing plans for a fully funded cost-of-living support package. This package is expected to include assistance with energy bills and bus fares, with more radical options like freezing private sector rents also under consideration.
When asked about his priorities, Burnham said, “We’re looking at all of those things,” referring to bus fares, energy bills, and rent freezes. He added, “We’re looking at measures that could make a difference this year. So we are looking at all of those things, but we’ll make more announcements tomorrow.”
Details Still Being Finalised
Burnham cautioned that it was too early to confirm specific measures, stating, “We’re just finalising the details, so it’s premature to say it will be any one of those particular things.” He stressed the need for quick action: “We just want to do some things that people will feel and feel quite quickly. It won’t solve everything. It won’t take all of the pressure off, but it just shows a direction of travel and that we’re serious about helping them out.”
The potential rent freeze would apply to private sector rents in England, a move that could significantly impact both tenants and landlords. Burnham’s comments have sparked debate, with supporters praising the focus on affordability and critics warning of potential negative effects on the rental market.
Political and Economic Changes Ahead
Burnham’s broader agenda includes transforming the political and economic landscape, with promises of a new political model and economic model. He described the current moment as a “circuit breaker” for Britain, aiming to reverse the trends of the last four decades. The cost-of-living package is expected to be a key part of this agenda, providing immediate relief while longer-term reforms are developed.
The announcement comes as many households continue to struggle with high inflation and rising costs. Burnham’s pledge to act quickly has been welcomed by tenant advocacy groups, though landlords have expressed concerns about the potential impact on investment and supply.
