Housing

Lord Forsyth of Drumlean Excerpts

Thursday 14th September 2017 Lords Chamber

[Lord Bourne of Aberystwyth]

I acknowledge the work done by the National Audit Office and obviously we will consider its report seriously. The noble Lord is right that we need to ensure that money is spent on housing rather on dealing with homelessness. In short, prevention is better than cure. We are aware of that and take it seriously. However, as he will know, we are committed to 1 million new homes by 2020 and another 500,000 in the two years after that. That is a considerable increase on what we have achieved as a country over the last 10, 15, even 20 years. There is much still to do but we are getting there.

[Lord Forsyth of Drumlean (Con)]

My Lords, has my noble friend given further thought to the recommendations of the Economic Affairs Committee in its housing report? One of the largest costs of housing is the cost of land, so it was suggested that local authorities, health authorities and other public bodies which have land available for housing be given the incentive to sell it by being allowed to keep the proceeds of the sale. Further, what action will the Government take on the oligopoly which the large housing builders represent? They are deliberately withholding land to maintain the price of housing.

[Lord Bourne of Aberystwyth]

My Lords, my noble friend is right about the importance of the release of public land. As he will know, we have increased the funding on that as a result of the White Paper, and action was taken just last month. Yes, we need to look further at the release of public land. I keep trailing what is going to be in the Statement this afternoon. I will not go into the detail, but again it has provisions for dealing with the cost of land. I agree with him about land banking, which as he will recall was covered in the White Paper. We will respond on that in due course.