New analysis by Labour, published in today’s Evening Standard, has shown that private renters are paying £9.7bn more a year in rent since the Tory’s came to power in 2010.

Rents in England and Wales are £166 a month higher than in 2010 up nearly £2000 a year. In London they are up over £300 a month and £3650 a year.

In England and Wales’ 4.8m private renters are payingnearly £10bn a year more in rent charges than they did in 2010 bringing the total amount paid a year to nearly £50bn.

The capital’s one million private renters are paying £3600 a year more than they did in 2010 bringing their yearly cumulative total to £3.8bn.

John Healey MP, Labour’s Shadow Housing Secretary, said:

“The Conservatives promised to tackle the private rented sector but after eight years of failure on housing, it should shame Ministers that we are still seeing rent at sky high prices.

“The Government need to get a grip. They should start by accepting Labour’s plan to give bold new rights to renters including an end to no fault evictions and controls on rents.”