(9 years, 8 months ago)
Lords ChamberOur approach to Syria has been consistent throughout—certainly with regard to the threat of ISIL, which we have to ensure is tackled at source. As the noble Lord knows, we have a significant commitment to the effort focused on Iraq. Clearly, we are not supporting the effort in Syria militarily, but we are doing a huge amount by way of humanitarian aid, and that will continue.
My Lords, as my noble friend will know, in the past few days there has been a dramatic further fall in the value of the Ukrainian currency, the hryvnia, against the dollar. It has fallen by more than a third and is now about half its value only a few weeks ago. Given that, and given that there is a real prospect that the Ukrainian economy could break down, can she tell us whether there was discussion at the Council about the state of Ukrainian economy, the rising debts it has, especially in energy, and what emergency action might be taken by the European Union in the event that the hryvnia becomes an unacceptable currency?
I can tell my noble friend that the IMF agreed in principle on 12 February that Ukraine qualified for an extended fund facility. That is a four-year programme worth $17.5 billion. We are clearly supporting the Ukrainian Government in delivering the reforms that they have committed to under the association agreement and the IMF programme, so that they are in a strong position to use that support from the IMF and get themselves on a secure footing for the future.
The most important thing the Government are doing when they consider proposals is to ensure that those proposals are locally led and have local support. Without that, no plan will get off the ground.
My Lords, I declare an interest as the Member of Parliament for 15 years for Stevenage—the first post-war new town— and as the former Member of Parliament for one of the first garden cities, namely, Letchworth. In that context, given that the housing need is estimated as 1.5 million new houses, will the Government—and the noble Baroness, as an action Minister—carefully consider the possibility of announcing a new list of new towns? That will certainly protect the countryside, the existing cities and, above all, will prevent the ribbon development that would destroy both.
My noble friend is certainly right that we need more new homes, and increase of supply is essential. We think it is really important to be in a position where those plans are brought to fruition. Rather than imposing new towns on any area, we are encouraging towns to come forward with their plans. I have been able to demonstrate today that the Government are supporting those which come forward, and the support that we are giving is making these plans become a reality.