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11/12/25 3:00 pm
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Landlords have fired a warning shot over the Chancellor's bows this morning, warning that any new taxes within the looming Budget on landlords including charging NI on rents will “critically damage” ministers’ aims of economic growth and social mobility.
The comments have come from the NRLA, which has also published new research by a former Treasury official, Chris Walker, showing how important renters are to the economy.
45% of private renters live within 5km of where they work, compared with just 29% of owner-occupiers. The report concludes that the sector plays a vital role in “supporting opportunity, career progression and productivity.”
One of the largest BTL mortgage lenders, Nationwide, also agrees saying that the PRS has “an important role to play in economic growth by supporting labour mobility.”
And the former head of the Institute for Fiscal Studies, Paul Johnson, who recently spoke to the NRLA’s ‘Listen up Landlords’ podcast, has warned that higher taxes would lead to fewer homes to rent and higher rents for tenants.
Ben Beadle, Chief Executive at the NRLA (main picture), says: “The private rented sector is a significant driver of labour and social mobility.
“It enables people to move for work, access higher education, and seize new opportunities – everything the Government wants to promote as part of its growth agenda.
“Instead, landlords are facing yet more speculation about tax hikes that would hinder investment, reduce supply, and ultimately drive-up rents,” he says.
“The Chancellor must use this critical Budget to back responsible landlords who provide good homes and support local economies.
“That means using the tax system to encourage long-term investment, as opposed to prioritising short-term revenue grabs.”
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