Oral Answers to Questions

Desmond Swayne Excerpts

Monday 12th March 2018 Commons Chamber

[Dominic Raab]

For the record on the hon. Gentleman’s figures, local authorities have built over 10,000 homes since 2010-11 compared with under 3,000 in the 13 years of the last Labour Government. We are restless to do much more, and that is why we are raising the housing revenue account borrowing cap by up to £1 billion to make sure that we spur local house building as far and as wide as we can.

[Sir Desmond Swayne (New Forest West) (Con)]

Is it in the interests of the private sector to build in sufficient quantity as to achieve a reduction in price?

[Dominic Raab]

It is a good question, and probably one for a symposium with everyone from developers to planners. The reality is that we want to see a stabilisation in house prices. We need to build more homes and deal with some of the demand issues that have been raised. There is no single answer; we have to yank every lever at our disposal 20% or 30% harder.