Khan Fails To Build Houses, Moves To Impose Rent Controls in London
After managing to get 2% of his targeted affordable housebuilding projects started, Sadiq Khan is giving up. The mayor is pushing Labour for permission to impose rent controls on the capital – requests Labour is minded to accept. A long-running campaign of his…
An act of parliament would be needed to hand over the keys to the rental market. Rent controls fail wherever they are implemented, most recently in Scotland, where rents rose higher than anywhere in the UK by a large margin after their imposition. They went so badly in Berlin that the courts declared them unconstitutional. Caving to socialist impulses at the first sign of pressure is standard…
