Business of the House

Emma Foody Excerpts

Thursday 6th March 2025 Commons Chamber

[Lucy Powell]

Access to cash and banking services is probably the single biggest issue that is raised with me in business questions, so I know that it is of great interest to the House and to the hon. Member�s constituents, and it is vital that we take it seriously. That is why we are bringing in banking hubs�we are committed to opening 350 of them, and we are along the way to do that�but this is not something that the Government alone can deal with; we all need to take more action to ensure that our rural communities can access banking services.

[Emma Foody (Cramlington and Killingworth) (Lab/Co-op)]

Last week I held a meeting with local residents impacted by leasehold, which is an acute problem in my constituency, compounded at times by pretty unscrupulous behaviour by developers. They are trapped in short leases with unaffordable buy-outs, eye-watering extension costs and mortgage lenders unwilling to lend. May we have a debate in Government time to update the House on the action the Government are taking to end the feudal leasehold system?

[Lucy Powell]

This matter is also raised with me a lot, both in business questions and by my constituents. My hon. Friend is absolutely right that we need to end the feudal leasehold system, which is trapping innocent homeowners in properties that they are unable to get mortgages on or to sell, which is shocking�we have called it �fleecehold� many times before. We are taking a number of steps, including implementing the Leasehold and Freehold Reform Act 2024. We are moving forward on commonhold with the White Paper, and later this year we will introduce draft legislation for a fundamental root-and-branch reform of leasehold. However, I will ensure that the Minister for Housing and Planning comes to the House regularly to update us.