The Labour government, in its nearly three years in power, has finally done something for the people. The Starmer government, described as the ‘Champion of Price Increases’ for recent governments, is preparing to take action to cap annual land rents for leaseholders at £250.
Whether the decision is final is not yet clear, but at least it’s good to hear something positive from this government. If the decision is finalized, land rents paid by tenants in England and Wales will be capped at £250 annually, as part of the British government’s plans to make significant changes to home ownership.
This is a historic step for the government. For the first time, a left-wing government has shown its conscience for the people. The government, which has increased prices in every area from stamp duty to business rates since coming to power, has surprisingly decided to cap annual land rents at £250. After this surprising decision, the first thing that comes to mind is the influence of ministers who own homes but avoid paying annual land rents. They may have thought of themselves first, and then the people.
Even if they primarily made this decision for their own benefit, at least the public will benefit in some way.