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Will the Minister reflect on the question of incentives to new home ownership? Restricting the scheme to new properties does a number of things. First, it restricts the supply. Secondly, it breaches the point that my hon. Friend the Member for Hackney South and Shoreditch (Meg Hillier) put forward about people wanting to stay in their communities. On top of that, older properties are often cheaper. The policy does not make a lot of sense.
I remind the Minister that it is normal for the proposer to have a chance to reply.