Housing: New Homes

Baroness Warwick of Undercliffe Excerpts

Tuesday 8th September 2020 Lords Chamber

[Lord Greenhalgh (Con)]

My Lords, I recognise the importance of delivering housing of all types and tenures, and that is reflected in the new approach to housing need, which takes into account affordability as a key plank of the new approach to the formula. I just referred to the enormous amount of money— £11.5 billion—that is being set to deliver affordable homes in the next five-year period.

[Baroness Warwick of Undercliffe (Lab)]

My Lords, today’s commitment to social rent as part of the new affordable homes programme is welcome, as is the Government’s housebuilding ambition of 300,000 new homes per annum. However, that is a level that the private builders have never achieved since World War II, while investment in social housing could create a countercyclical boost for the construction sector. The Minister seems to have recognised that in the announcement today, but it contains some untested and risky policies. Can the Minister assure the House that his department will take steps to ensure that these policies do not slow down the Government’s housebuilding plans at a time when they are most needed to provide new homes for lower earners and key workers?