Yesterday the Residential Landlords’ Association ran a blog which contained some of the most insightful comments I have read in a long time.
The RLA has basically written an open blog to the Government urging them, for the good of the country, to give private landlords a break. Their reasoning is very sound as, given the financial crisis, people are going to be turning to the private rented sector in their droves. Therefore, not only is the PRS going to be providing vital accommodation but it will also be in a position to stimulate increased economic activity. The PRS is, in fact, going to play a major part in hauling the UK out of the mire.
The point the RLA is making is that the Government should be doing more in the way of initiatives to help this critical sector. Given the situation with loans and other recent law changes it would often appear that the exact opposite is happening.
The RLA are making some recommendations regarding taxation and other breaks that seem like common sense. Their thoughts are very comprehensive on a number of issues so what I plan to do over the next couple of blogs is summarise them and add my two pence worth. I think it is important that we all understand what the RLA is suggesting and get behind their campaign to have the Government listen to what the PRS has to say.
