labour 's plans to impose rent controls are ` economically illiterate ' and will slash investment in new housing , leading to more tenants being evicted by their landlords , experts warned last night .
ed miliband yesterday confirmed he would press .
on with controversial plans to cap rents despite warnings from housing experts , business and even labour figures that they will backfire .
he said his plans were ` riddled with loopholes ' and may make tenants ' lives worse .