Will the Minister please clarify what “higher-value properties” means? How much?
I will deal with that in a few moments, when I come to higher-value assets and other aspects before us.
We have increased the protection we give to our rural areas, recognising the unique value of our countryside and the particular challenge of providing affordable homes there. I trust, therefore, that there is much on which we can agree with the other place.
That is why we have extended and changed the arrangements. We now have the London Help to Buy scheme and we have starter homes coming in with a 20% discount. Shared ownership is also an important product, and we are determined to deliver 135,000 more shared ownership homes. The prospectus went out just a couple of weeks ago and the plan is to spend £4.7 billion in that area. Even in London, the deposit for such properties is closer to £4,000, which completely changes the affordability for people wanting to get into ownership.
One of the Lords amendments refers to the principle behind the Khan amendment, which is that when a unit of social housing is sold, another must be built in the local area in which the sale took place. Does the Minister agree with that?
I shall deal with the hon. Lady’s question on high-value assets in just a few moments; I just want to finish dealing with starter homes.
Thanks to my hon. Friend the Member for Richmond Park, the pledge to deliver two homes for every home sold is now on the face of the Bill. As I said earlier, our manifesto was very clear, and this House was very clear when it voted by a majority of 91 to give the Bill a Second Reading. We will deliver the number of starter homes that we promised.
Perhaps the right hon. Member for Wentworth and Dearne has not been involved in the Bill’s progress in Committee, as I know my hon. Friend the Member for Peterborough (Mr Jackson) has been. That might be why, despite what is in the Opposition motion, he has oddly not picked up on the fact that we are going further to crack down on and drive out rogue landlords than any Government have done before. The previous Labour Government oversaw the lowest level of house building since the 1920s, with just 88,000 starts being overseen by the right hon. Members for Don Valley (Caroline Flint) and for Derby South (Margaret Beckett) and, of course, the right hon. Member for Wentworth and Dearne. That was their housing crisis, that was their record, and that is the state of affairs that the right hon. Member for Wentworth and Dearne claims the public should prefer.
Does the Minister feel that those people who voted Tory at the last election will be surprised by this Housing and Planning Bill?
As it contains two of our key manifesto pledges, on which we are mandated to deliver, I suspect that people will be pleased to see that we are a Government who are getting on and delivering for the people of this country. To take the hon. Lady’s very direct question, the public gave their verdict on the performance of the last Government at two general elections. At the last time of asking, the electorate were offered by the Opposition party a reprise of Labour’s centrally controlled, top-down housing nightmare—land grabs, the mansion tax, rent controls, red tape and restrictions on right to buy.
(9 years, 5 months ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
My hon. Friend makes a good point. I find it ironic, to use parliamentary language, that the Labour party makes the case for house building while seeming to forget that it left us with the lowest level of house building since, I believe, 1923, as well as a reduction in the number of social homes. The coalition Conservative-led Government built more council-owned homes than were built during the entire 13 years of Labour.
I will not give way at the moment, because of the time restraint.
Since 2010, we have been able to deliver more than 260,000 affordable homes in England, including more than 67,000 in London alone. We have exceeded the target that we set ourselves for the period to 2015, and we will not stop there. We will ensure that we deliver another 275,000 affordable homes by the end of this Parliament. That is the fastest rate of affordable house building in more than 20 years, and it will benefit communities across our country.
The constituency of the hon. Member for Ealing Central and Acton will benefit hugely from the resulting housing regeneration. Early work has shown that Old Oak Common alone could result in the development of up to 7,650 affordable homes, and we recognise that high earners in social housing should pay their fair share. That is why last week’s Budget, which some hon. Members who have spoken today have clearly not yet read, not only included our commitment to protect social tenants in England from rising housing costs by reducing their rents by 1% a year for four years, but will ensure that high earners who live in social housing are not being unfairly subsidised at the taxpayer’s expense.