Long-term Plan for Housing

Debate between Lord Carrington and Baroness Penn

Thursday 11th January 2024 Lords Chamber

[Baroness Penn (Con)]

My noble friend makes two very good points. England has a proud history of new town development, and well-planned, beautifully designed, locally led garden communities are playing a vital role in helping to meet our housing need, through providing a stable pipeline of new homes. The Garden Communities programme supports local authorities to build places that people are happy to call their home. That programme was launched in 2014, and has awarded over £58 million of capacity funding to assist places to deliver their proposals for housing. A further £12 million has also been invested to deliver the infrastructure critical to unblock the delivery of homes. The 47 locally led garden communities have the capacity to deliver over 300,000 new homes by 2050. That is something that the Government absolutely continue to support.

The number of planning consents being down was referenced by the noble Baroness, Lady Taylor. When it comes to the wider conditions in the housing market, we recognise that this is a challenging time. The broader economic conditions we face due to very high levels of inflation, and the high interest rates that are in place to bring that down, make it harder for people to get on the housing ladder. That is why this Government have been focused, laser-like, on tackling inflation. We met our commitment last year to halve the level of inflation, and are back on the road to the Bank of England’s 2% target. That is the most effective way in which we can make sure that people are able to afford their mortgages and access the housing market in the way they wish to. But there are also important things that we can do—for example, ensuring that our affordable housing programme continues throughout this period to provide more stability and certainty in terms of the pipeline of new homes while it is a difficult market out there for housebuilders.

[Lord Carrington (CB)]

My Lords, may I ask the Minister, following on from the question from the right reverend Prelate, about the certificates—the EPCs? We have had a problem and a review on EPC measurement. Could she let us know where we are on that review?

Farmers and Landowners: Tax Consequences

Debate between Lord Carrington and Baroness Penn

Monday 28th November 2022 Lords Chamber

[Lord Carrington (CB)]

In begging leave to ask the Question standing in my name on the Order Paper, I declare my interest as a farmer and landowner. I also take this opportunity to humbly apologise to the House for failing to declare these interests during a supplementary question I was scrambling to ask during last week’s Question on the private rented sector.

[The Parliamentary Secretary, HM Treasury (Baroness Penn) (Con)]

My Lords, farming is going through the biggest change in a generation. The Government are introducing policies in England that work for farm businesses, food production and the environment. Some stakeholders have raised concerns that tax rules, particularly inheritance tax rules, might be a barrier to land use change in certain situations. The Treasury, HMRC and Defra have been working closely to consider the potential need for changes to the tax system, including where rules may need to be clarified.

[Lord Carrington (CB)]

I thank the Minister for her kind words; however, we need a little more action. It would seem to be a platitude to say that the tax system should align with the Government’s climate change and environmental objectives but, over a year since the passing of the Environment Act, there is still no legislation looking at how the tax system effects the sequestration of carbon and biodiversity net gain. Can the Minister confirm that these activities will have the same tax status as traditional farming activities, and be considered as trading income rather than investment income? Secondly, can she confirm that these activities will attract the same inheritance tax reliefs currently available? Without such reliefs, higher agricultural land values as a result of carbon sequestration and biodiversity net gain will disincentivise the farmer from joining these schemes.