No, I will not give way, as it is clear that the hon. Gentleman’s colleagues want me to carry on.
Young people and families on ordinary incomes face a cost-of-housing crisis. The need for affordable homes has never been greater. This Bill sounds the death knell for our ability to build the affordable homes to rent and buy that are so badly needed in urban and rural areas alike. It strangles the ability and the obligation of the public and private sectors to build affordable homes.
Does my right hon. Friend agree that shared ownership is one of the most affordable options for low and middle-income families? Indeed, Shelter says that 95% of those families would be able to afford a three-bedroom home with shared ownership. Does he agree that this Bill is a huge missed opportunity for a big shake-up in this area? It is exactly the sort of thing on which we should focus if we want more people to be able to own affordable homes in future.
My hon. Friend is absolutely right. When I talk about affordable homes to rent and to buy, I talk, in large part, about those shared ownership homes, which are often built because of obligations on developers, and often managed by housing associations, which will get choked off under this Bill. I will come to that point in a moment.