Theresa May is the UK’s new Prime Minister – with her new cabinet set to be announced as early as this evening.
George Osborne, who announced a series of tax changes which could potentially devastate the Private Rented Sector, is expected lose his position as Chancellor, with current Housing Minister Brandon Lewis – a key supporter of May – tipped to become Transport Secretary.
During a speech in Birmingham in which she launched her leadership campaign May, who was housing spokesman from 1992 to 1994, promised to tackle the UK’s housing crisis.
She said: “Unless we deal with the housing deficit, we will see house prices keep on rising. Young people will find it even harder to afford their own home.
“The divide between those who inherit wealth and those who don’t will become more pronounced. And more and more of the country’s money will go into expensive housing instead of more productive investments that generate more economic growth.”
What will happen in practical terms remains to be seen, but the RLA would like to congratulate the new Prime Minister on her appointment. We are now awaiting the outcome of the cabinet reshuffle before continuing our relentless campaigning to get the best deal for the country’s PRS landlords and make renting better for all.