Charlie Elphicke
Main Page: Charlie Elphicke (Independent - Dover)Department Debates - View all Charlie Elphicke's debates with the Scotland Office
(11 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Prime Minister
At the start of this Government in 2010 when we made the decision not to cut the NHS, we put NHS money into adult social care in local government because we recognised the importance of that budget. I would argue, too, that this week’s move to cap social care costs, while of course not solving the whole problem, was important. By creating a cap on what people will be charged, we can create an insurance market so that everyone can try to protect themselves against the long-term costs of social care. That should see more money coming into this absolutely vital area.
Charlie Elphicke (Dover) (Con)
Q11. Will the Prime Minister join me in welcoming figures from the Council of Mortgage Lenders showing that the number of first-time buyers has hit a five-year high?
The Prime Minister
I certainly join my hon. Friend on that. This problem has dogged our economy over the last few years. No one wants us to go back to the 110% mortgages that we had during the boom times, but we need to make available to young people the chance of earning a decent salary to be able to buy a decent flat or house with a mortgage that does not require a massive deposit. That has not been possible for people in recent years, and I think that the Bank of England move on the funding for lending scheme—£80 billion—is now feeding through to the mortgage market and making available lower mortgages at a decent long-term rate. That is very important for our market.