(14 years, 5 months ago)
Commons ChamberThe right hon. Gentleman is going to have to do better than that—it is just a load of old hot air. He is trying to increase our target, but he is taking away one of the key levers needed to help us meet the target. You do not have to take my word for that, Mr Speaker—you can take the word of the hon. Member for Bermondsey and Old Southwark, who supported our position. If he would like to intervene to tell me, or his former right hon. Friend, who is now the Secretary of State, that he agrees that local councils need to contribute to the 15% target, I would be very happy to give way to him. [Interruption.] I think that says it all. The splits are already appearing.
Surely, it is worse than that. By starting again with the planning regulations, we are going to lose all the momentum we have developed over the past three or four years, and we are going to encourage investors to go to other parts not only of Europe but of the world.
My hon. Friend anticipates a later section of my speech. He makes a very important point.