Oral Answers to Questions

Ann McKechin Excerpts

Wednesday 22nd January 2014 Commons Chamber

[The Prime Minister]

It is possible to look closely at the decisions that the Labour Government have taken in Wales and at the effect of those decisions. They have not followed our approach of protecting spending on the NHS. There has been an 8% cut to the NHS budget in Wales. As a result, they have not met an A and E target since 2009. Like my hon. Friend, I also worry about some of the changes that have been made to education in Wales, because we want all children in our country to get the benefits that come from good basics in education, proper tests and proper league tables.

[Ann McKechin (Glasgow North) (Lab)]

Q10. This weekend, Nigel Wilson, the chief executive of Legal & General, one of our biggest financial companies, urged the Government to abandon their Help to Buy scheme in London to prevent house prices from spiralling out of control. Does the Prime Minister agree with Mr Wilson that we should instead use the money to build new homes across the United Kingdom?

[The Prime Minister]

We are building homes across the United Kingdom, but one better than what she suggests is what we have done, which is to give the power to the Bank of England to advise specifically on any potential problems in the housing market, or, indeed, in any other market. We have cleared up the mess of the regulatory system we were left by the Labour party, so that proper warnings can be given in proper time.