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The News Agents

The Renting Crisis: why is it so bad?

The News Agents

Global

News, Daily News, Government, Politics

4.15.4K Ratings

🗓️ 11 November 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

We often hear about mortgage rates going up, but perhaps not enough scrutiny is paid on the private renting sector... a sector that has enormous demand, and next to no supply. It's a sector that burns a mile-wide hole in the coffers of students, young professionals, families and many more. The Mini-Budget just seven weeks ago exacerbated the crisis to near breaking point.

But who's to blame? And how do we fix it?

We speak to an estate agents in London, a landlady with half a dozen properties, and the housing correspondent for the i paper and author Vicky Spratt and Vanessa Warwick, founder of Property Tribes, a forum for private landlords.

And we cast our glance across the Atlantic to the US, where the results from the mid-term elections, and the political ramifications, continue to unfold. We speak to polling expert and data journalist for The Economist G. Elliott Morris.

Socials: Georgia Foxwell

Video: Will Gibson-Smith

Production: Gabriel Radus

Duty Editor: Ellie Clifford

Executive Producer: Dino Sofos


For exclusive daily videos from The News Agents visit Global Player: https://www.globalplayer.com/videos/brands/news-agents/the-news-agents/


The News Agents is a Global Player Original and a Persephonica Production.

Transcript

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0:00.0

The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity.

0:09.4

This is a global player original podcast.

0:13.1

You're not going to believe this. In fact, I know you won't.

0:15.4

But it's now in fact seven weeks since the ill-starred, ill-fated, generally ill-mini budget.

0:22.3

The most recent moment when our politics spun out of control,

0:26.4

and one of its main authors, Quasi Quarteng, our blink of an eye, Chancellor,

0:30.4

popped up for the first time since his sacking yesterday,

0:34.0

saying he wasn't so keen on it after all.

0:36.7

I said actually after the budget, because we were going very fast, even after the mini

0:41.4

budget, we were going at breakneck speed. And I said, we should slow down, slow down.

0:47.2

And what does she say? And she said, well, I've only got two years. And I said,

0:49.4

you'll have two months if you carry on like this. And that's, I'm afraid, what happened. Now that led today to Jeremy Hunt's, his successor,

0:56.6

explaining just how wrong his predecessor had been as well,

0:59.4

not just Liz Truss.

1:00.6

And look, we could spend a lot of time, as we often do,

1:03.4

unpicking more Tory psychodrama.

1:05.9

And this time next week we'll be talking about

1:07.6

the Conservatives' Autumn statement

1:09.2

designed to respond to the Conservatives' mini-budget. But instead today, we're going to look at one area already broken,

1:16.3

but which the mini-budget had, to some extent at least, made worse. Housing. And no, I'm not

1:21.9

talking about mortgages and the housing market, subject to endless media and political discussion in the week since.

1:28.7

But instead, it's neglected little sibling in what is often called Britain's Housing Wild West,

...

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