Ministers are planning to introduce a rent cap for tenants in the social rented sector as part of efforts to ensure that some of the most vulnerable renters in England are not overwhelmed by the cost of living crisis this winter.
Housing secretary Greg Clark on Wednesday launched a consultation looking at how best to support the 4mn households in the social rented sector, as investment bank Goldman Sachs said inflation could exceed 20 per cent by the start of next year.
The government is considering capping rent rises for the coming financial year at 3, 5 or 7 per cent for tenants in the social sector to insulate them from the rising cost of living.
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