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| Version 0 | Version 1 |
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| Labour attacks 'skyrocketing' rent rises | Labour attacks 'skyrocketing' rent rises |
| (about 2 hours later) | |
| Councils would be given the power to limit "skyrocketing" rent increases under new Labour proposals. | Councils would be given the power to limit "skyrocketing" rent increases under new Labour proposals. |
| Shadow chancellor John McDonnell will pledge to help people who are "at the mercy of an unforgiving, unrestrained housing market". | Shadow chancellor John McDonnell will pledge to help people who are "at the mercy of an unforgiving, unrestrained housing market". |
| Labour is holding a "state of the economy" conference in London over the weekend. | Labour is holding a "state of the economy" conference in London over the weekend. |
| Party leader Jeremy Corbyn will say Labour will "always seek to distribute the rewards of growth more fairly". | Party leader Jeremy Corbyn will say Labour will "always seek to distribute the rewards of growth more fairly". |
| Mr Corbyn will pledge to break with what he calls "failed economic orthodoxy" and say Labour's proposed National Investment Bank will boost the UK's infrastructure. | Mr Corbyn will pledge to break with what he calls "failed economic orthodoxy" and say Labour's proposed National Investment Bank will boost the UK's infrastructure. |
| The measures put forward at the conference will be subject to consultation, and will not immediately become party policy. | The measures put forward at the conference will be subject to consultation, and will not immediately become party policy. |
| They include powers to regulate private rent rises, similar to those pledged by Ed Miliband in Labour's unsuccessful general election campaign, below the rate of inflation for the duration of a tenancy. | They include powers to regulate private rent rises, similar to those pledged by Ed Miliband in Labour's unsuccessful general election campaign, below the rate of inflation for the duration of a tenancy. |
| Critics previously said Labour's pre-election proposals would reduce investment in housing stock. | Critics previously said Labour's pre-election proposals would reduce investment in housing stock. |
| Council-backed mortgages | |
| The "local rent regulation" suggested by Mr McDonnell would be available to councils in each area, rather than set nationally. | The "local rent regulation" suggested by Mr McDonnell would be available to councils in each area, rather than set nationally. |
| The National Landlord's Association welcomed Labour's focus on making housing more affordable but warned the party not to "pull the rug from under the feet of responsible landlords". | |
| But new Labour mayor of London, Sadiq Khan, told the BBC he did not favour rent controls in the capital. | |
| Mr McDonnell will also propose a new "forum" for new elected mayors who are in charge of cities across the country. | Mr McDonnell will also propose a new "forum" for new elected mayors who are in charge of cities across the country. |
| It will look for solutions to the "housing crisis" with Labour favouring an extension of local authority-guaranteed mortgages, he will say. | It will look for solutions to the "housing crisis" with Labour favouring an extension of local authority-guaranteed mortgages, he will say. |
| He will say he wants to see more local authorities follow the examples of Manchester, Warrington and Sandwell by "offering cheap, local authority-backed mortgages to first-time buyers in particular". |