Fix housing or we’ll abandon the Tories, Conservative renters warn Liz Tuss

epa10213789 People look at properties in the window of an estate agent in Holmfirth, Britain, 29 September 2022. The fall of the value of the pound following Chancellor Kwasi Kwarteng’s mini-budget has resulted in banks withdrawing mortgage deals, with interest rates expected to rise to nearly six percent. EPA/ADAM VAUGHAN

A THIRD of Tory renters will abandon the party at the next election unless Liz Truss helps them to buy a house, new polling shows.

Private renters will be kingmakers in 38 swing seats like Hastings and Rye and Milton Keynes North, which could determine the result, research seen by HOAR can reveal.

A third of Tory renters will abandon the party at the next election unless Liz Truss helps them to buy a house

A new MPR poll for Shelter shows a staggering 15 million voters – half the electorate – say fixing the broken market will influence which box they tick when the next general election rolls around.

The figure rockets to two thirds of private renters.

The polling of more than 10,000 voters shows there’s a growing ‘Rent Wall’ which could decide the result like the ‘Red Wall’ propelled Boris to power in 2019.

But they haven’t yet decided who they will vote for.

Ms Truss slashed stamp duty for millions of Brits in her budget last week – which will help first time buyers purchasing their first home. 

But millions still are locked out thanks to sky-high prices.

Economists have warned the housing market could crash off the back of Kwasi Kwarteng’s mini budget.

The Chancellor’s £45bn tax slashing announcement spooked markets, and led to fears mortgage rates could spiral due to mass government borrowing to pay for the cuts.

Polly Neate, Chief Executive of the housing charity Shelter said: “Private renting voters will be critical at the next General Election, but they feel let down by politicians who haven’t done enough on housing.”

Aaron Iftikhar, Director at Stack Data Strategy, said: “This work shows that the Conservatives haven’t only got Red Wall seats to worry about, they also need to address a growing ‘Rent Wall’ in the Conservative heartlands, where voters who rent privately are disillusioned with the party.”