Charities Demand PM Passes Renters Reform Bill to End ‘No-Fault’ Evictions
A group of 30 UK charities and non-profits are rallying behind a crucial call to the Prime Minister: pass the Renters Reform Bill now. The bill aims to ban “no-fault” evictions, stripping landlords of the power to evict tenants without giving a reason.
This reform would bring much-needed stability to renters across England, who currently face the threat of eviction on just two months’ notice under Section 21 legislation.
Delay Risks More Hardship for Vulnerable Renters
Charities warn delays in passing the bill will only increase suffering among vulnerable renters and add pressure on taxpayers. Shelter’s research shows a renter is evicted every three minutes under the no-fault eviction rule.
The Conservative Party promised this ban in their manifesto four years ago. The Renters Reform Bill was introduced in Parliament in May but still hasn’t progressed to the next stage.
With a general election looming next year, campaigners fear there isn’t enough time left to get the bill through, urging the government to prioritise urgently needed protections.
“The government must act now to end no-fault evictions and give renters the security they deserve,” charities say.
Ex-Bank of China Boss Arrested in High-Profile Corruption Crackdown
Liu Liange, former chairman of the state-owned Bank of China, has been arrested on bribery and illegal loan charges. Liu stepped down earlier this year but now faces serious corruption allegations.
This marks a major move in President Xi Jinping’s relentless anti-corruption drive targeting China’s financial sector’s elite. Liu’s arrest highlights the crackdown’s reach into the highest ranks.
The campaign has already seen heavy penalties, including life sentences for other top executives like Wang Bin, ex-chairman of China Life Insurance.
“China is determined to clean up its financial system and restore public trust,” officials have stated.
FTSE 100 Rises as Oil Prices Surge Amid Middle East Tensions
The FTSE 100 kicked off the week with gains of 0.3%, boosted by rising oil prices over $90 a barrel, thanks to escalating conflict in the Middle East.
Energy stocks jumped 0.6%, while industrial metal miners saw a 1.3% rise, driven by copper price increases. UK water supplier Severn Trent also climbed 1.7% after an upgraded rating from Jefferies.
As Asian markets slid and the dollar gained strength, investors sought refuge in commodities amid global uncertainty, showing cautious optimism despite the geopolitical turmoil.
