Zack Polanski is calling for a triple lock-style guarantee for private renters at his party’s annual conference, to ease young adults’ housing costs.
His is setting out plans for a “three-year emergency brake”, which would temporarily limit rent rises to the lowest of either Consumer Prices Index (CPI) inflation, wage growth or 2%.
These are similar metrics to the ones used to uprate the state pension each year, which rises by the highest of either inflation, wage growth or 2.5%.
Earlier this week at the Labour Party conference, Prime Minister Andy Burnham unveiled plans to make changes to the state pension triple lock.
Under his plans, from 2030 the state pension would rise every year by at least inflation or 2.5%, with no automatic annual link with increases in average earnings.
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