Landlords ARE ‘working people’ industry figures tell PM

Posted: 27/10/2024

Keir Starmer’s comments in recent days that those who earn income from property are not ‘working people’ – and are therefore exempt from Labour’s manifesto promise – are wrong, industry experts have said.

This includes TV star and Landlord Action Paul Shamplina who has said the PM’s claims are misplaced.

He told Paul Collins’ Talk TV show on Friday that NRLA figures show that most landlords also have day jobs, with 30% of landlords having full time jobs, 10% working part time, 28% being are self-employed while 35% are retired and use their property income as a pension.

“You also have to remember that official figures show the vast majority of Britain’s 2.7 million landlords – 85% – have been between one and three properties and are not multi-millionaires,” he says.

Landlords are fearing yet more tax hikes in Labour's upcoming Autumn Budget. Many have already up and more will follow if Labour penalises landlords even further. Of course most of the extra costs for landlords are passed onto tenants with the result that we now have record rent prices. 

Landlord? Need help letting or managing? Contact Key One Property for a fair fee service. 

 

Image: Wikipedia Simon Dawson / No 10 Downing Street

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