(8 years, 10 months ago)
Commons ChamberThe hon. Gentleman makes a very important point, with which I strongly agree, about institutional investment. Does he not accept that one of the big factors that will eventually lead to greater choice and supply in the private rental market is institutional money coming in and building large-scale development for rent, which is happening now across the country?
That is an intelligent intervention and a sensible point. Of course I agree, but that does not build council houses and it does not give people hope. It creates more private rented accommodation, but it does not deal with the problem these people face.
We talk about wanting local authorities to build more council houses. That is not some crazy left-wing idea; it is investment. It is the state building and investing in property. As everyone knows and would agree, it is a very good investment not only for housing associations but for councils and for innovative schemes. We need to see an increase in the ability of local authorities to invest in that way. I have been very critical of the Labour-run council in Leeds. Councils—certainly Leeds City Council—are not using the powers they have to borrow. That is very disappointing, particularly as we need to get away from the idea of social housing being on council estates. Social housing should be integrated. We need to integrate our towns, cities and villages. I have pressed Leeds City Council to purchase properties, using the money it has and the powers given to it by the coalition Government, in and around the place and to get away from having all our social and council houses together. That approach should be consigned to the past. I again call on Leeds City Council to use the powers it has to buy up properties, particularly in LS6.