In the News
Scotland introduces rail and rent freeze
6th September 2022
The powers of the devolved Scottish government are limited, but here is an example of additional forms of government intervention to help offset the cost of living crisis.
Nicola Sturgeon's government has introduced a freeze on rail fares and housing rents covering both the private and the social sectors of the rental housing market. The rent freeze will last until March 2023.
This video from Channel 4 news explains some of the background
The government will also ban evictions of tenants over the same period.
The rent freeze will not be good news for landlords many of whom are experiencing rising costs.
Around 38 per cent of households in Scotland rent a home.
More here from the Scottish Government website - what do you feel about this announcement? Should the idea of a rent freeze be spread to other parts of the United Kingdom including perhaps London?
You might also like
Maximum prices - Why rent control isn’t working in Sweden
27th August 2021
Contestable Markets - Where now for UK grocers as Aldi overtakes Morrisons?
18th September 2022
Rising inflation hits living standards for India's middle class
15th December 2022