UK private rental sector must grow, says Montague report

Institutional investors could fund the large-scale building of private housing for rent, a report for the government by Sir Adrian Montague has said.

He says a combination of recent tax changes and wider market conditions could help the sector to grow.

Sir Adrian was asked for ways to tackle the UK's housing shortage, especially in the private rental sector.

But Labour has criticised suggestions that affordable housing criteria could be waived in future developments.

Mike Sergeant reports.