Friday 19 July 2019
Reacting to Mayor Sadiq Khan’s plan to seek powers to bring in Rent Controls, David Frost CMG, London Chamber of Commerce and Industry Chief Executive, said:
“The Mayor seeks to make an unnecessary intervention that would undoubtedly distort the housing market, reduce the supply of rented housing further over time and raise housing costs in the long run.
Over regulation would serve to hamper, then drive out, good landlords.
Overall, this seems to be a pre election, populist measure that places blame on landlords but ignores the problems of the London housing market”.
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NOTES TO EDITOR:
- London Chamber of Commerce and Industry (LCCI) is the capital’s most representative business organisation, with members ranging in size from multi-national companies to SMEs and sole traders. David Frost is available for interview and further comment.