Private sector rents (1)

Meeting: 
MQT on 2013-06-19
Session date: 
June 19, 2013
Reference: 
2013/2010
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In response to question 1436/2013 you argue that 'it is not for me to accept or reject the level of rent increases, as the private rented market is responding to levels of supply and demand'. In doing so, you seem to argue that you always take an amoral position on the functioning of markets. Do you think politicians should always observe the iron laws of the market?

Answer

Answer for Private sector rents (1)

Answer for Private sector rents (1)

Answered By: 
The Mayor

Not always, no. But as Margaret Thatcher said in 1989, commenting on Chancellor Nigel Lawson's attempts to shadow the Deutsche Mark: 'You can't buck the market.'