Swedish Government on Verge of Losing No-Confidence Vote
Posted: Thu Jun 17, 2021 3:29 pm
https://www.yahoo.com/news/swedens-government-teeters-ahead-no-183235528.html
Here's what's basically going on. Swedish PM Stefan Löfven's government introduced legislation that would lessen Sweden's strict rent control laws on new multi-family residential complexes and allow "free" or unregulated rents, so their landlords could charge higher monthly rates than most current complexes. Most of the government's C&S partners are in favour of the bill, but V, the Left Party, is walking away from providing confidence and voting against it. Löfven's pulling the bill from the Riksdag, but it's too little too late as V is joining the other opposition parties. The no-confidence vote will be held sometime on Monday, and the government's poised to be the first in Swedish history to lose such a vote and likely trigger elections.
So, what's your view, NSG? Personally, I understand why people don't like rent controls, but Sweden's had them for a long time, and the last thing the country needs is to join the rest of the West in a race-to-the-bottom housing crisis.
Here's what's basically going on. Swedish PM Stefan Löfven's government introduced legislation that would lessen Sweden's strict rent control laws on new multi-family residential complexes and allow "free" or unregulated rents, so their landlords could charge higher monthly rates than most current complexes. Most of the government's C&S partners are in favour of the bill, but V, the Left Party, is walking away from providing confidence and voting against it. Löfven's pulling the bill from the Riksdag, but it's too little too late as V is joining the other opposition parties. The no-confidence vote will be held sometime on Monday, and the government's poised to be the first in Swedish history to lose such a vote and likely trigger elections.
So, what's your view, NSG? Personally, I understand why people don't like rent controls, but Sweden's had them for a long time, and the last thing the country needs is to join the rest of the West in a race-to-the-bottom housing crisis.