Diane Abbott
Main Page: Diane Abbott (Labour - Hackney North and Stoke Newington)Given that the hon. Gentleman is such a witty performer in the House, I am sure he can see the distinction between our proposals and 1970s-style rent control, which was never a proposal of the Labour party and which would have meant the state setting the level of rents. I was opposed to that and we never had it in our manifesto or in our plans.
Does my hon. Friend not accept that the crippling level of rents in London is a cause of increasing concern to young Londoners and their families? In every poll and interaction with them, Londoners are demanding a level of rent stabilisation and—yes—workable rent control.
I am sympathetic to the concerns that my hon. Friend expresses, but we take different positions on this issue. I am not in favour of the state setting rent levels.
I have high regard for the hon. Gentleman, but the number of homeowners, as a result of policies such as Help to Buy, has turned the corner. We now have more first-time buyers than we have had for many years. However, he is right to say that we have a deficit from those years when, I am afraid to say, his party was in government and house building collapsed. It is not sufficient only to build the number of homes for new families that are being created; we need to correct the deficit that occurred because of the collapse in house building that started under the previous Government.
That is why we are investing in our proposals to extend the Help to Buy ISA. It is important for people to be able to get on to the housing ladder for the first time if they do not have a deposit. That is why we will offer more than 1 million housing association tenants the option to buy their own home. The aspiration is not an unusual one for them. Most people, in all parts of the country, consistently aspire to own their own homes. There is no difference between people in different tenures; they want to own their own home. That has been remarkably consistent over the decades.
I will make some progress, then of course I will give way.
Twenty years ago, 85% of people said that they would choose to buy their own property if they could. In 2010, five years ago, that figure was almost unchanged at 86%. As has been correctly observed, however, our country faces a dilemma. Over recent years the aspiration for and the reality of homeownership have drifted apart. The number of first-time buyers, as I said, is at a seven-year high—it was 264,000 last year, compared with 130,000 in 2009. That is why we helped 200,000 households to buy their home during the previous Parliament, but of course we have further to go. One of the problems is that the 1.3 million tenants in housing association properties have received little or no assistance.
I will give way next to the hon. Member for Hackney North and Stoke Newington (Ms Abbott).
Order. The Minister has spoken for nearly 30 minutes and I am bothered about the amount of time remaining as we still have another Front Bencher.