First Minister Mark Drakeford has explained why he will not be considering rent-freeze in Wales. The mortgage crisis has led to many landlords putting up the rent on their properties to keep up with their own mortgage payments.
Mark Drakeford was answering questions from Member of Senned from South Wales East, Peredur Owen Griffiths about if his government would consider a rent freeze in the private housing market like the recently introduced legislation passed by the Scottish National Party in Scotland, saying “Tenants in Wales deserve the same security.”
To which Mr Drakeford said that rent freeze is a ‘blunt instrument’ and has ‘many unintended consequences’.
