Queens Speech 2015 – What it means for Landlords & Investors

Among the many measures to introduce more legislation these are the ones which will affect landlords and property investors

Immigration Bill

downloadThe government is promising to “control immigration” and put “hard-working British families first”. Its Immigration Bill is designed to support working people, clamp down on illegal immigration and protect public services.

Specifically, it will include a new offence of illegal working – with police given the power to seize the wages paid to illegal workers as the “proceeds of crime”.

There are also proposals to deal with unscrupulous landlords and to evict illegal migrants more quickly, while all foreign criminals awaiting deportation will be fitted with satellite tracking tags.

It will also become an offence for businesses and recruitment agencies to hire abroad without first advertising in the UK – a policy which featured prominently in Labour’s election manifesto – and a new enforcement agency will be set up to tackle what the prime minister called “the worst cases of exploitation”

Housing Bill

imagesPlans to support home ownership and extend the right-to-buy scheme to 1.3 million social housing tenants in England feature in a new Housing Bill. Under the plans, housing association tenants will be able to buy the homes they rent at a discount.

There will also be help for first-time buyers, with 200,000 starter homes made available to under-40s at a 20% discount. Both are commitments which were included in the Conservatives’ general election manifesto.

The government says the bill will increase the housing supply and ensure local people have more control over planning.

 

Full Employment and Welfare Benefits Bill

 

images (1)This bill, as the name would suggest, is designed to achieve full employment “and provide more people with the security of a job”. The aim is for two million more jobs and three million new apprenticeships to be created. Ministers will be required to report annually to Parliament on their progress. The legislation will also implement a planned reduction in the welfare cap – from £26,000 to £23,000, and freeze working-age benefits, tax credit and child benefit for two years.

As part of the government’s welfare reforms, young people will be required to “earn or learn”, with automatic entitlement to housing benefit for 18-21-year-olds scrapped

 

 

HS2 Bill

 

download (1)The government is pressing ahead with legislation that will eventually enable work to start on the £50bn HS2 high-speed rail link. Legislation which will give the government the legal powers to construct and operate the London to Birmingham first phase of HS2 is going through Parliament. If it progresses smoothly, it should receive Royal Assent around the end of 2016, with work beginning on the project in 2017, with a finishing date of 2026.

Extremism Bill

imagesThis includes measures to tackle broadcasting of extremist material. The government wants to strengthen watchdog Ofcom so that it can take action against channels that transmit extremist content. The legislation will also propose the introduction of banning orders for extremist organisations who use hate speech in public places, but whose activities fall short of proscription. A new power to allow police and local authorities to close down premises used to support extremism will also feature. And employers will be able to check whether an individual is an extremist and barring them from working with children.

Draft Public Service Ombudsman Bill

images (2)This is the one draft bill to feature in the Queen’s Speech. It proposed to reform and modernise the Public Service Ombudsman sector to provide “a more effective and accessible final tier of complaints redress within the public sector”. It would absorb the functions of the Parliamentary Ombudsman, the Health Ombudsman, and the Local Government Ombudsman and potentially the Housing Ombudsman.

 

What do you think about the Queens Speech? Get in contact with us today to discuss.

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