Housing campaigners expressed outrage that politicians were making millions of pounds from renters, with some calling for an overhaul in the rules around MPs’ incomes.
Ali resigned her role as homelessness minister in the wake of this newspaper’s story and accusations of “staggering hypocrisy” from both housing groups and opposition parties. In her resignation letter, Ali insisted she had “at all times” followed “all relevant legal requirements”.
There are now 38 Labour MPs who make at least £10,000 a year from residential rental income – the level at which they are required to declare their property portfolio in the register of members’ interests.
Some 26 Tory MPs, seven Liberal Democrat MPs, two independents, one Reform MP and one Green Party MP are also landlords making at least £10,000 a year.
The current group of 75 landlords in the Commons earning over £10,000 from rent means they will make at least £750,000 a year from their tenants – or £3.7m during the life of the current five-year parliament.
Chancellor Rachel Reeves and her husband are reportedly making £74,000 a year from renting out their former south London home for over £6,000 a month. The register shows she and her partner have been letting it out since September.
Labour Chancellor Rachel Reeves and former Tory chancellor Jeremy Hunt earn over £10,000 a year from their property portfolio (Photos: Justin Tallis-AFP via Getty Images / Dan Kitwood-Getty Images)Athwal said he was “profoundly sorry” and “sickened” by the state of his own flats after a BBC found black mould and ant infestations in several them last year. The Labour MP has since replaced the agency managing the homes.
Bayo Alaba, the Labour MP for Southend East and Rochford, gets rental income from seven properties in London which he co-owns with a family member.
Labour MP Jas Athwal previously said he was ‘sickened’ by the state of his own properties (Photo: Yui Mok/PA Wire)Conservative party chairman Kevin Hollinrake – who criticised Ali’s treatment of her tenants this week – has a major property portfolio of his own.
A Tory spokesperson said Hollinrake’s interests “have been properly and transparently declared in line with parliamentary rules”.
Tory chairman Kevin Hollinrake has small property empire in York (Photo: Ian Forsyth/Getty Images)
Former Conservative Chancellor Jeremy Hunt is another of the biggest landlords, renting out seven flats in Southampton and another in Italy, which he co-owns.
“It’s a blatant conflict of interest that MPs are making millions from struggling renters,” said the campaigner.
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Generation Rent’s chief executive Ben Twomey said the ex-homelessness minister’s “shocking” behaviour was a “wake-up call to government on the need to push ahead as quickly as possible to improve protections for renters”.
Ali had re-listed her east London townhouse at £700 a month higher rent within six months – something her party is currently trying to outlaw under the bill.
Renters’ union ACORN joined calls for Labour to go even further and bring in rent control. The group said rent payment caps were needed in the private sector “to prevent the extortionate exploitation”.
They added: “Being a landlord is not a bad thing. For MPs, it is vital that when deciding whether to rent out property, they have the time to fully meet the responsibilities of being a landlord.”
Reeves and Hunt were contacted for comment.
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