IEA: Sadiq Khan wrong to push failed rent control agenda in London
Dr Kristian Niemietz, Head of Political Economy at the Institute of Economic Affairs, responded to Sadiq Khan’s claim the London mayoral election will be a referendum on rent controls
“Rent controls have never worked anywhere. They do not just fail to solve the problem they are intended to solve; they also create new ones of their own.
“This is one of the very few issues on which economists of all stripes – including stridently left-wing economists such as Paul Krugman – are in complete agreement. This is not a matter of neoliberal economics vs left-wing economics. It is a matter of economics vs Trump-style knee-jerk populism.
“If Sadiq Khan had any interest in solving London’s housing crisis, he would focus on the supply side. He could, for example, push for a review of Green Belt boundaries, and a relaxation of height and density restrictions.”
For media enquiries please contact Emily Carver, Media Manager: 020 7799 8920 or 07715 942731.
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems and seeks to provide analysis in order to improve the public understanding of economics.
The IEA is a registered educational charity and independent of all political parties.
Latest News from
Adam Smith Inst - "Nutty nanny statism": Government plans to ban 'junk food' advertising online and after 9.00pm11/05/2021 16:35:00
The Adam Smith Institute’s Head of Research Matthew Lesh responded to the Government maintaining plans to ban so-called ‘junk food’ from online advertising and before 9.00pm on television
“Unlikely to supercharge economic growth”: IEA experts respond to Queen’s Speech11/05/2021 15:35:00
Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, commented on the Queen’s Speech
JRF - Queen’s Speech: Where is the Employment Bill for low-paid workers?11/05/2021 14:35:00
JRF responds to today's Queen's Speech
The apprenticeship levy should be scrapped completely, says IEA expert11/05/2021 13:35:00
Professor Len Shackleton, Editorial and Research Fellow at free market think tank the Institute of Economic Affairs, responded to the news that £1bn of apprenticeship levy funds has gone unspent in the nine months since last May
Half of Conservative manifesto pledges yet to be delivered – new IfG analysis11/05/2021 12:35:00
The government is yet to deliver around half of its 2019 manifesto promises – and many of those it has made progress on are the ‘easy wins’, according to new analysis by the Institute for Government following the local election results.
IPPR - Threat to end of life care services as deaths expected to reach pandemic levels every year from 2031 onwards11/05/2021 11:35:00
Report warns of ‘eternal 2020’ for end of life care services without expansion of services
IFS - Government should nudge people to save more into a pension when children leave home, mortgages are paid off or student loans come to an end11/05/2021 10:35:00
Contrary to the common message that retirement saving should start young, there are good reasons why the proportion of earnings set aside for retirement should increase substantially through working life for many people. Many employees experience earnings growth over their lifetimes, and would therefore prefer to save more at older ages when earnings are higher. Parents would also be expected to save more for retirement after their children have left home and expenses are lower.
Attempts to eliminate online harms could do “great damage,” says new IEA research11/05/2021 09:35:00
New research paper from the Institute of Economic Affairs warns of unintended consequences from regulating online content
Healthy meals, healthy planet – IPPR calls for food system shake up to fight climate crisis and food poverty07/05/2021 11:25:00
Think tank calls for expansion of free school meals, healthy food voucher scheme and end to environmentally harmful foods
King's Fund - New analysis shows ‘widespread decline’ in adult social care06/05/2021 15:05:00
New figures reveal the dire state of England's social care sector before the pandemic, with more people requesting support but fewer getting the help they needed. The data puts further pressure on the government to commit to reform of social care in next week’s Queen’s Speech.