“Rent controls have never worked anywhere. They do not just fail to solve the problem they are intended to solve; they also create new ones of their own.
“This is one of the very few issues on which economists of all stripes – including stridently left-wing economists such as Paul Krugman – are in complete agreement. This is not a matter of neoliberal economics vs left-wing economics. It is a matter of economics vs Trump-style knee-jerk populism.
“If Sadiq Khan had any interest in solving London’s housing crisis, he would focus on the supply side. He could, for example, push for a review of Green Belt boundaries, and a relaxation of height and density restrictions.”
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