Connect with us

Published

on

More than 100 MPs have earned over £10,000 a year as landlords over the course of this parliament, research from Sky News has found.

A total of 83 Tories have declared they received the sizeable rental payments since the last election in December 2019, along with 18 Labour MPs, four Liberal Democrats and one member of the SNP.

But many more could be benefiting from a smaller income as landlords, as MPs only have to publish it on the register of interests if rent tops the £10,000 annual figure.

The numbers come as the long-awaited Renters’ Reform Bill returns to the Commons on Wednesday, with campaigners demanding stronger action to make the market fairer for those renting their homes.

Follow Sky News on WhatsApp
Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

The majority of the MPs found in Sky News’ research were landlords of residential properties – with 104 of them having a stake in over 217 homes.

But 12 also let out commercial properties, 12 make an income from renting their farms, and one even leases a fishery.

A total of seven cabinet members made the list, with Chancellor Jeremy Hunt clocking up the largest portfolio – seven flats in Southampton, 50% of a holiday home in Italy and 50% of an office building in London.

More on Houses Of Parliament

Three shadow cabinet members also have the additional income – though no more than the single property owned by shadow foreign secretary David Lammy in Tottenham, London.

Vested interest of landlords

However, the MP with the biggest list of rental incomes was the Conservative member for Sedgefield, Paul Howell, who lists two flats in County Durham, five houses in Durham, nine houses in Darlington and an apartment in Spain on his register of interests.

None of this breaks any rules for MPs, as long as they declare their interests.

However, the statistics come as a row rolls on between the government and campaigners over the influence of landlords on the Renters’ Reform Bill.

Please use Chrome browser for a more accessible video player

One million renters forced to move

Research exclusively shared with Sky News last week showed almost one million private renters had been served a Section 21 since the Conservatives first promised to ban them in April 2019.

Yet, the government agreed to an indefinite delay to outlawing the mechanism, reportedly after a group of Conservative backbenchers – including some landlords – raised concerns the courts were not prepared for the legal cases that could replace them.

‘Colossal failure’

The chief executive of homelessness charity Shelter, Polly Neate said the legislation would be a “colossal failure” without the scrapping of no fault evictions at its heart.

“Tenants campaigned tirelessly to get this bill on the table, but this government has proven that renters’ safety and security is less important to it than bowing to the self-interests of a minority of landlord backbenchers,” she added.

“While ministers run scared of a few dozen of their own MPs, more than 500 private renters are slapped with a no-fault eviction notice every day.”

Please use Chrome browser for a more accessible video player

Shelter’s chief executive: ‘We are going to see private renters tipped into homelessness’

Speaking to broadcasters ahead of the legislation returning to parliament, Levelling Up Secretary Michael Gove could not guarantee Section 21s would be banned before the next election – which has to take place by January 2025.

Read more:
Section 21 delays: Renters criticise five-year wait for ban on no-fault evictions
The seaside town where there are not enough homes to go around
Families housed in single rooms beyond legal time limit
The horror of living in a damp ridden home
The housing battle – which party will get Britain building?

He insisted his “determination” to end them was “iron clad”, but it would depend on opposition parties and the House of Lords supporting the whole bill.

“It’s important to stress that the overwhelming majority of landlords are providing a very valuable service,” said Mr Gove.

He added: “It’s vitally important that after 30 years without legislation to improve the private rented sector, and with the private rented sector constituting nearly a fifth of housing overall, that we do ensure that it works effectively.

“And it’s not about pitting landlord against tenant, nor is it about demonising MPs of all parties. It’s about making sure that we have the balanced package that makes sure the private rented sector works for everyone.”

Pic: PA
Minister for Levelling Up, Housing and Communities, Michael Gove, arrives in Downing Street, London, for a Cabinet meeting. Picture date: Tuesday February 6, 2024.
Image:
Michael Gove leads on housing for the government. Pic: PA


Bill ‘abolishes Section 21s in name only’

However, a spokesperson for campaign group Generation Rent told Sky News: “Efforts to maintain landlords’ power in the bill will undermine improvements that would benefit renters and ultimately improve the reputation of the sector.”

The Renters Reform Coalition, made up of 20 charities, also warned that, as the bill stood, it “abolishes Section 21s in name only”.

They added: “This legislation is intended to give the impression of improving conditions for renters, but in fact it preserves the central power imbalance at the root of why renting in England is in crisis.”

But the chief executive of the National Residential Landlords Association, Ben Beadle, supported the bill, saying it provided stability for both landlords and tenants, and would keep rental homes in the market.

“Greater security for tenants will mean nothing if the rental homes are not there in the first place,” he added.

Sky News contacted the Conservatives, Labour and the three MPs named in the piece, but did not receive a response.

A Lib Dem spokesperson said: “Time and time again the Conservatives have failed renters and acted against people’s interests.

“Lib Dem MPs in parliament have long fought for renters’ rights and will continue to do so.”

Continue Reading

Politics

Starmer refuses to rule out manifesto-breaking tax rises in budget

Published

on

By

Starmer refuses to rule out manifesto-breaking tax rises in budget

The prime minister has refused to rule out manifesto-breaking tax hikes in next week’s budget while speaking to Sky News political editor Beth Rigby.

Sir Keir Starmer was interviewed by Rigby while the pair were in South Africa for a meeting of the G20 group of nations.

Despite the government last year indicating it was not going to raise more taxes, it appears that Wednesday’s fiscal event will involve substantial increases in levies.

The 2024 Labour manifesto said: “We will ensure taxes on working people are kept as low as possible.

“Labour will not increase taxes on working people, which is why we will not increase national insurance, the basic, higher, or additional rates of income tax, or VAT.”

At the start of their interview, the prime minister was asked by Rigby if it was important for politicians to “stick to their word”.

Sir Keir said: “Yes, it is important that politicians stick to their word.

More on Budget 2025

“They have to make decisions against a political backdrop. And, we’ve also got big decisions to make in the budget that’s coming in just a few days time.”

This caveat matches the expectations that a range of taxes are going to be increased so the government can keep its spending pledges and increase its fiscal headroom amid worsening economic headwinds.

There was chaos last week after the increase in income tax that many had expected to be on the way was revealed to no longer be on the cards.

Please use Chrome browser for a more accessible video player

Why has chancellor U-turned on income tax rises?

Asked specifically on the manifesto commitment on tax, Sir Keir told Rigby that decisions will be made “against a very difficult backdrop”.

In total, the prime minister refused 12 times to rule out tax rises.

He added it was “important to take the right decisions for our country”.

Rigby pointed out in the lead-up to the 2024 Budget, the prime minister was more unequivocal, saying income tax, national insurance and VAT would not all go up.

The prime minister declined to make the same promise, saying the decisions on tax will be announced on Wednesday.

Read more:
Did Reeves pull of something extraordinary?
Government borrowing higher than expected
Will energy bills be made cheaper?

However, Sir Keir said the budget will be guided by “principles”, including “fairness”.

The prime minister said the three areas he is “bearing down on” are the NHS, cutting national debt and dealing with the cost of living crisis.

One tax rise that has not been ruled out is what is known as a “stealth tax rise” of freezing income tax thresholds.

Rigby highlighted that in last year’s budget, Rachel Reeves said freezing thresholds will “hurt working people” – and asked the prime minister if he agreed.

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Sir Keir said: “We are going to set out our decisions.

“We will have absolutely in mind that the cost of living is the number one issue for people across the country.”

Pushed again, if working people will have their taxes increased, the prime minister instead mentioned he has people who are “struggling with the cost of living” in mind when making decisions.

Continue Reading

Politics

Ex-Coinbase lawyer announces run for New York Attorney General, citing crypto policy

Published

on

By

Ex-Coinbase lawyer announces run for New York Attorney General, citing crypto policy

Khurram Dara, a former policy lawyer at cryptocurrency exchange Coinbase, officially launched his campaign for New York State Attorney General.

In a Friday notice, Dara cited his “regulatory and policy experience, particularly in the crypto and fintech space” among his reasons to try to unseat Attorney General Letitia James in 2026.

The former Coinbase lawyer had been hinting since August at potential plans to run for office, claiming that James had engaged in “lawfare” against the crypto industry in New York.

Law, Politics, New York, Elections
Source: Khurram Dara

Until July, Dara was the regulatory and policy principal at Bain Capital Crypto, the digital asset arm of the investment company. According to his LinkedIn profile, he worked as Coinbase’s policy counsel from June 2022 to January 2023 and was previously employed at the crypto companies Fluidity and Airswap.

James, who took office in 2019, has faced criticism from many in the crypto industry for filing lawsuits against companies on behalf of affected New Yorkers, including Genesis, KuCoin and NovaTech. Whoever assumes the role of New York’s attorney general would have significant discretion over whether to file charges against crypto companies.

Related: New York AG urges Congress to bolster protections in crypto bills

Dara, who said he plans to run as a Republican, also echoed Mayor-elect Zohran Mamdani’s recent winning campaign, citing New Yorkers’ concerns about the cost of living and affordability. Cointelegraph reached out to Dara for comment, but had not received a response at the time of publication.

The lawyer who represented XRP holders is also running for office again

As the deadline approached for candidates for various offices to announce their runs, former Massachusetts senatorial candidate John Deaton said he would try to unseat a Democrat again. 

Deaton ran against Senator Elizabeth Warren in 2024, losing by about 700,000 votes. On Nov. 10, however, he announced he would run as a Republican again, attempting to unseat Senator Ed Markey in 2026.