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What will a new Government mean for the PRS?

6th September 2022

Liz Truss is the new leader of the Conservative Party and Prime Minister, following the results of the leadership vote being confirmed on Monday (5 September). Boris Johnson gave his resignation speech today (6 September). Liz Truss will now be taking up residence at Number 10 Downing Street and is expected to announce her cabinet in the coming days.

The new Government is now tasked with progressing policy reforms set out in the Fairer Private Rented Sector white paper, such as the end to Section 21 evictions. In the immediate term, it is also tasked with responding to the cost of living challenges facing landlords and tenants.

Reflecting on this, safeagent’s chief executive, Isobel Thomson, says:

“With the cost-of-living crisis really starting to bite and energy prices presenting a major challenge, we all hope to see the new Prime Minister hit the ground running.

“Our homes are of course at the centre of our lives, and tenants will be looking for support and reassurance that the private rented sector is there for them when they need it.

“At safeagent, we are committed to making sure the private rented sector does not simply become another rung on the ladder towards home ownership, and that the value of good and secure rented homes is recognised by all.

“For the new Government, that means progressing reform efforts in a meaningful way, with input and collaboration from across the sector. But it also means acting now, to enforce existing regulations and ensure that landlords and tenants have what they need to weather the cost-of-living storm together.

“It’s now up to whoever takes on the mantle of housing to support the success of private renting. We look forward to working with them and as always, remain focused on making sure our agents can continue to deliver the levels of professionalism that the PRS relies on them for.”


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