In a government debate, Sir Christopher Chope MP said the consequences of the bill will result in a reduction of supply and high rents.
His comments were made during a Westminister Hall debate about the cost of living and the private rented sector.
He argued that the legislation should be withdrawn as it is driving people away from the market.
“The Renters (Reform) Bill has only been printed and had its First Reading—it has yet to receive a Second Reading, which is a complaint from the Opposition.
“However, I hope the government withdraws the legislation because the mere fact that it has been printed in the form of a Bill is driving a large number of people away from renting out their private homes.”
He added that a lack of supply is causing huge problems in the private rented sector.
“The crisis in the rented housing sector is largely one of a lack of supply. If we put pressure on potential suppliers of a product through regulation, the likely consequence is that the potential suppliers will withdraw some of that product from the marketplace.”
“That is exactly what is happening at the moment.”
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