Generation Rent has warned policymakers they aren’t going far enough when it comes to protecting renters as Andrew Bailey acknowledged the hardships caused by Section 21 evictions.
The Bank of England Governor acknowledged that “no-fault evictions are very, very difficult for people” in his appearance before the Treasury Select Committee this afternoon
Answering a question from Siobhain McDonagh MP about the impact of high interest rates on renters, Bailey said “we have to do what we have to on monetary policy”, but admitted “I am conscious of the fact the PRS [Private Rented Sector] has a higher concentration of poorer demographics”.
Ben Twomey, chief executive of Generation Rent, said: “As more renters feel the pain of higher rents and evictions, it is becoming harder for policymakers to ignore the need to abolish Section 21 evictions.
“But the proposals in the Renters (Reform) Bill are not enough – tenants must get more time and financial support to move for reasons beyond their control.”
