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In the News

Scotland introduces rail and rent freeze

Geoff Riley

6th September 2022

The powers of the devolved Scottish government are limited, but here is an example of additional forms of government intervention to help offset the cost of living crisis.

Nicola Sturgeon's government has introduced a freeze on rail fares and housing rents covering both the private and the social sectors of the rental housing market. The rent freeze will last until March 2023.

This video from Channel 4 news explains some of the background

The government will also ban evictions of tenants over the same period.

The rent freeze will not be good news for landlords many of whom are experiencing rising costs.

Around 38 per cent of households in Scotland rent a home.

More here from the Scottish Government website - what do you feel about this announcement? Should the idea of a rent freeze be spread to other parts of the United Kingdom including perhaps London?

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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