Lord Bishop of St Albans
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(9 years, 1 month ago)
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Lord Bourne of Aberystwyth
My Lords, the noble Lord is right that one of the issues is supply. That is why we are focusing very much on housebuilding, whether for purchase or for rent. He is also right that one considerable challenge we have is in relation to the price. That is why we have committed £20 billion, as I indicated, and doubled the budget for housing over the length of this Parliament.
The Lord Bishop of St Albans
My Lords, while the price of land continues to increase so rapidly, landowners have much less incentive for immediate development, particularly if they are negotiating with local authorities over their desire for more affordable housing requirements. Will Her Majesty’s Government take further steps to tackle land-banking, so that we can get more houses up more quickly?