Swedish Left Party reject housing compromise, PM Lofven set for no-confidence vote

FILE PHOTO: Swedish Prime Minister Stefan Lofven speaks during a news conference at Rosenbad, as a no-confidence vote looms, in Stockholm, Sweden June 17, 2021. TT News Agency/Janerik Henriksson via REUTERS

STOCKHOLM (Reuters) -Sweden's Prime Minister Stefan Lofven on Sunday appeared to have failed to stave off a no-confidence vote on Monday he is likely to lose after the Left Party dismissed his compromise for a new system of setting apartment rents.

Lofven earlier on Sunday offered a compromise that would mean counterparts in the housing market would work to reach an agreement for a new rent-setting model for new production, which has been the norm in Sweden.