The plight of the private-market tenant has rarely looked so painful, particularly in major cities such as London where record rents have combined with spiraling energy costs to accentuate a cost-of-living crisis. The city’s mayor, Sadiq Khan, has repeatedly called on the government to impose a rent freeze. However, a policy that might offer short-term relief would probably exacerbate supply shortages.
Perhaps it’s time to pay more attention to how the tax system treats renters.