(2 years, 7 months ago)
Lords ChamberAs someone who spent 16 years in local government, I am obviously a great fan of devolution. But it is very clear that, by 2030, every part of the United Kingdom that wants a devolution deal with powers will be offered one. That will be the highest level of devolution we have ever had in this country, and that is certainly a step forward.
My Lords, I am very pleased to hear what the Minister has just said about every region getting the degree of devolution that it requires. The noble Lord will be aware of the One Yorkshire committee, of which the leaders of Conservative councils in Yorkshire are members. All of them believe that there should be a single devolved authority for the whole of the great county of Yorkshire. Does the Minister concur with that ambition?
I know that there is a strong Yorkshire lobby here. When I look at a map of Yorkshire, I see that it seems to have engulfed most of the north of England these days. But we are devolving into parts of Yorkshire, essentially, with strong mayoral figures. I am sure that they have opportunities to collaborate with their fellow Yorkshire colleagues. But I think that we have moved on from the one Yorkshire idea.
(2 years, 9 months ago)
Lords ChamberI thank the right reverend Prelate, who has also been a consistent campaigner. As a Government we are very much aware of the impact this has on, say, pensioners, where property is their primary pension asset and the annuity from those properties effectively pays for their pensions. As I say, I ask the right reverend Prelate please to wait until we bring forward further amendments on Report, but we are very alive to this issue.
My Lords, the Minister reminds us that the Government propose that leaseholders should pay no more than £15,000—in London. Does he accept that, if you live in London and are facing very heavy costs, including rapidly rising energy bills, for many people who will be faced with a bill of £15,000, that is not nothing or little—it is a crippling amount? Does he accept that limiting it to £15,000 does not relieve the pressure on many people who simply cannot afford £15,000?
My Lords, there is no doubt that £15,000, paid over five years, is a substantial sum, but the reality is that some poor leaseholders who are victims have paid far more than that on interim measures before a single bit of remediation has been done. Having a cap on leaseholder costs ensures that they are no longer fleeced through Section 20 notices to pay for mistakes for which they are not responsible. That is what that protection achieved and, through regulation, we can broaden the impact to protect those with the very narrowest of shoulders.
(3 years, 1 month ago)
Lords ChamberMy Lords, we have not made any further announcements about the details of the way we want to support leaseholders in medium-rise blocks. The new Secretary of State is looking very closely at how we can best protect leaseholders in these buildings from unaffordable costs. In the vast number of buildings, there is no need for wholesale, expensive remediation, as the recent expert committee, led by Dame Judith Hackitt, pointed out.
My Lords, last week the Minister said that details of the residential property developer tax would be announced yesterday, and that the figure he had given—the receipt of £2 billion over 10 years—was the absolute minimum. Yesterday, the Chancellor announced a rate of tax, but I am unaware that he gave an estimate of how much money would be raised. Could the Minister say what the Government’s current estimate is of the amount that that tax will raise? Secondly, the Chancellor said yesterday that the tax will be used to fund the £5.1 billion of which the Minister is so proud. Is it really the case that this tax will not benefit a single additional leaseholder?
My Lords, we recognise the need to get those who contributed greatly to the crisis that we find ourselves in to make a contribution. This is just one of the ways we are doing this. It was announced that the residential property developer tax would be levied on developers with profits over £25 million, at a rate of 4%. The estimates from the Treasury are that that will bring in at least £2 billion. That is the commitment over 10 years. We also have the gateway 2 levy, which will raise funding as well. This will also contribute towards the situation that leaseholders find themselves in.