Photo via Evening Standard

Meeting housing targets could cut London rents by £251 a month, report claims

Read the original at Evening Standard ↗
Cite

Jaffer, K. (2026, November 2). Meeting housing targets could cut London rents by £251 a month, report claims. Evening Standard. https://www.standard.co.uk/news/london/meeting-housing-targets-cut-london-rents-ps251-b1303244.html

Dated from the outlet's own feed. Check the original for its byline.

Evening Standard · collected 2026-11-02 · by Kumail Jaffer

Quick Summary

A Centre for British Progress (CBP) report claims that meeting national home-building targets could reduce monthly rents in London by £251 for tenants renting a typical two-bedroom flat in the city's inner areas over five years. The analysis suggests an annual increase of 2.3% in housing stock would result in rent reductions of up to 9.7%, driven by increased supply and so-called "moving chains" that free up older homes. Labour has pledged to build 1.5 million homes across England, including 88,000 annually in London, but current conditions suggest only about 55,800 could realistically be built each year according to Sir Sadiq Khan's London Plan.
Written by AI on 2026-11-02, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

A report by the Centre for British Progress (CBP) claims that meeting national housing targets could reduce rent costs in London by £251 a month. The CBP asserts that building enough homes to meet government targets would significantly decrease housing expenses across the capital city, where residents currently spend over 40% of their pre-tax income on rent. Labour has pledged to build 1.5 million homes across England between July 2024 and the next general election, including 88,000 annually in London. However, ministers admit there is only a "slim chance" of reaching these targets, as Sir Sadiq Khan's London Plan suggests that only around 55,800 homes can realistically be built each year over the next decade. The report argues that increasing housing supply would drive down rents through so-called "moving chains," in which people move into new-build properties, freeing up older homes for others lower on the housing ladder. Meeting these targets could increase London's housing stock by 2.3% annually and reduce rents by 9.7% over five years.

Written for “London Rent Reductions Possible” on 2026-11-03, grounded in this article and the 0 other(s) covering the same event.

Story

📰 London Rent Reductions Possible
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads leans left and hedges 24% of its claims. Each row says how that neighbour differs.
Evening Standard
Hedges 1 of 13 claims Outlet record 64/100
“The articles discuss different aspects of London's budget and housing policies, not the same specific incident.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
25
sentences that state something as happening or true
Uncertain
24%
6 of 25 hedged ("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
64/100
Evening Standard's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-02 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Evening Standard · 8234 article(s) · 73 correction(s) detected
Running correction rate · 73 correction(s)

Who wrote this

Kumail Jaffer
7 article(s) here · 1 carrying a prediction
🔮 A report by the Centre for British Progress (CBP) argues that building enough homes to meet national targets would significantly reduce housing costs across the capital, where residents currently spend more than 40 per cent of their pre-tax income on rent.
🔮 Benali Hamdache, a Green Party London Assembly member, argued that City Hall needs a new approach to funding major transport investment and said a form of "smart user-based charging" could provide money for schemes such as the proposed extension of the Bakerloo Line to Lewisham.
🔮 Since declaring his interest in the seat in early September, he has given apologies for four committee meetings and left a session of Mayor's Question Time after putting a question to Sir Sadiq Khan.
🔮 Prime Minister Andy Burnham has granted Mayors across the country further powers since coming into office, such as the ability to levy an overnight tourist tax on visitors and, and has announced plans to allow authorities to retain a portion of income tax raised in their areas.
🔮 London will be run like “Tokyo on steroids” if Reform UK win the 2028 Mayoral election, the party’s candidate has claimed.
🔮 Speaking to the London Assembly Housing Committee, Mr Ward said housing schemes that would once have been sold as leasehold developments are increasingly being delivered under different ownership models.
🔮 In March the government confirmed they would look at the possibility of charging international visitors at national museums across the country amid a cultural funding crisis.
Also by Kumail Jaffer
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 7 articles by Kumail Jaffer →

Topics

CBP England Labour London the Centre for British Progress

Subjects

London GPE · 9× CBP ORG · 2× Bexley GPE · 1× England GPE · 1× Labour ORG · 1× Liberal Democrat NORP · 1× London Plan ORG · 1× Rob Blackie PERSON · 1× Sadiq Khan PERSON · 1× the Centre for British Progress ORG · 1×

Narrative

A report by the Centre for British Progress (CBP) argues that building enough homes to meet national targets would significantly reduce housing costs across the capital, where residents currently spend more than 40 per cent of their pre-tax income on rent.
framing: mixed · carried by 1 article(s) · first seen 2026-11-02
🔮 A report by the Centre for British Progress (CBP) argues that building enough homes to meet national targets would significantly reduce housing costs across the capital, where residents currently spend more than 40 per cent of their pre-tax income on rent.

Claims (25 extracted, 6 hedged)

A report by the Centre for British Progress (CBP) argues that building enough homes to meet national targets would significantly reduce housing costs across the capital, where residents currently spend more than 40 per cent of their pre-tax income on rent. asserted
residents → argue → rent
Labour has pledged to build 1.5 million homes across England between July 2024 and the next general election, including 88,000 homes a year in London. asserted
Labour → pledge → London
However, ministers have already admitted there is only a “slim chance” of reaching the target. asserted
ministers → admit → target
Sir Sadiq Khan's London Plan also suggests that, even under favourable conditions, only around 55,800 homes can be built annually in the capital over the next decade. uncertain
homes → suggest → decade
The CBP report argues that increasing supply would help drive down rents through so-called "moving chains", in which people move into new-build properties, freeing up older homes for others lower down the housing ladder. asserted
people → argue → ladder
According to the analysis, meeting national building targets would increase London's housing stock by 2.3 per cent annually. uncertain
meeting → accord → cent
Over five years, that would lead to rents being 9.7 per cent lower than they would otherwise have been. asserted
they → lead → years
For tenants renting a typical two-bedroom flat in inner London, that would amount to a saving of £251 a month by the fifth year, the report claims. uncertain
report → rent → year
The think tank points to a longstanding mismatch between population growth and housebuilding as a major driver of rising costs. asserted
tank → point → costs
Between 2000 and 2019, London's population grew by 1.65 million people, while enough housing was built for only 1.39 million. asserted
housing → grow → million
Rob Blackie, who co-authored the report and is seeking the Liberal Democrat nomination for the 2028 London mayoral election, said housing shortages had pushed rents to unaffordable levels. asserted
shortages → co → levels
He said: “London’s rents are far too high, because our Mayors have failed to build enough homes for the last 25 years. asserted
Mayors → say → years
“The good news is that we can bring down rents by hundreds of pounds a month if we increase housebuilding. asserted
we → bring → housebuilding
Read More “If elected, cutting rents will be my top priority.” asserted
cutting → read → rents
How would these savings differ by borough? asserted
savings → differ → borough
By year five, even in the cheapest parts of London, renting a two-bedroom flat would cost £150 a month less. asserted
renting → rent → 150
The report also suggests that boosting supply would improve living standards. uncertain
boosting → suggest → standards
Authors found that, on current building trends, a typical Londoner's income after rent would effectively shrink by 0.37 per cent each year. asserted
income → find → cent
If housing targets were achieved, that figure would instead rise by 1.15 per cent annually. asserted
figure → achieve → cent
Co-author David Lawrence said the impact would be greater than many traditional cost-of-living measures. asserted
impact → say → measures
“The Government is right to look for ways to give families breathing space,” he said. asserted
he → look → space
“The biggest one is hiding in plain sight. asserted
one → hide → sight
“We find that hitting the Government’s building targets would reduce rents in London by £251 a month for ordinary households. asserted
hitting → find → households
The report also claims more housebuilding could ease pressure on councils struggling to accommodate homeless families. uncertain
housebuilding → claim → families
Even if only 10 per cent of new homes were delivered as social housing, researchers estimate the number of London households living in temporary accommodation could fall by as much as 59 per cent, saving local authorities around £435 million a year. uncertain
number → deliver → million
💬Give feedback
🕘History 🎫Support