(3 years, 4 months ago)
Lords ChamberTo ask Her Majesty’s Government whether they plan to implement the recommendations in the report by the Law Commission Leasehold home ownership: buying your freehold or extending your lease, published on 21 July 2020; and if so, when.
My Lords, first of all I point out my residential and commercial property interests as set out in the register. The Government are committed to promoting fairness and transparency for homeowners and are taking forward a comprehensive programme of reform to end unfair practices in the leasehold market. Last year, the Law Commission published reports on enfranchisement, commonhold and right to manage. We will announce details of how the Government will take forward reform in this area as soon as possible.
My Lords, I thank the Minister for that reply. I declare an interest as one of England’s 4.3 million leaseholders. Owning a leasehold property can be a nightmare for many. The whole feudal system, unique to England and Wales, is designed to protect the interests of freeholders, and their professional acolytes, at the expense of leaseholders. Even appreciating the pressures of the current Covid crisis, will the Minister and Her Majesty’s Government please get a move on and treat leasehold reform with the urgency it demands? No more delay, please.
I assure your Lordships that leasehold reform is coming. A lot has been announced and, subject to the vagaries of the Downing Street grid, more will be announced shortly.
(3 years, 10 months ago)
Lords ChamberMy Lords, there is an absolute commitment to provide support for local councils through this extremely difficult period. My noble friend is right to point out the pressures we face in pension fund deficits, but that was there before the Covid-19 pandemic. Rest assured that there will shortly be an announcement of a comprehensive plan to support all our local authorities through this pandemic.
My Lords, the dire financial situation facing local authorities is yet another indication of the economic meltdown facing the country as a result of the pandemic. Does the Minister not agree that, rather than an ad hoc approach, this is the time for an emergency Budget?
(3 years, 12 months ago)
Lords ChamberMy Lords, the Government could abolish homelessness at a stroke. Since 2011, the cost of HS2 has doubled to £106 billion and is rising. This obscene waste of money and white elephant should be scrapped. For the same money the Government could build 1.7 million social houses and eradicate homelessness once and for all. HS2 will employ 30,000 people, but building almost 2 million homes would employ millions of people—desperately needed employment at this time when Covid-19 will lead to a projected unemployment rate of almost 10%. I say to the Minister, “Scrap HS2, end homelessness, create much-needed jobs and save the environment.”