The issue of ground rents that the noble Baroness has just raised is fundamentally different from the issue of social rents. As the Government themselves recognise, it is totally unjustified to be charging exorbitant ground rents, for which landlords offer no services whatever, because they have been illegal with respect to new leases since the end of June. It is not just increases related to RPI—in some cases there are doubling clauses in contracts every 10 years, which leads to totally unsustainable increases for leaseholders. I strongly encourage the noble Baroness to take up this issue with the new Secretary of State.
I assure the noble Lord that I will do that. I understand. That is why we brought in the Leasehold Reform (Ground Rent) Act in 2022, which came into force, as the noble Lord said, at the end of June. Things have changed and are changing, and as we are looking at capping social housing rents, I do not see any reason why we cannot look at—without any promises—ground rents as well.
Will the Minister comment on the stories in today’s papers that a trade agreement is close with Japan and tell the House whether the Prime Minister has met the current head of Nissan, our largest Japanese trading partner? If she cannot give me that information now, will she write to tell me whether he has met the head of Nissan?
My Lords, this shows that I am the government Whip taking this on from the Minister today. I am sorry that I cannot answer that. I have not had a brief on that question, but I will certainly get the noble Lord a written answer on it as soon as possible.