Lord Best
Main Page: Lord Best (Crossbench - Life peer)Department Debates - View all Lord Best's debates with the Wales Office
(6 years, 3 months ago)
Lords ChamberMy Lords, indeed, I wish my noble friend Lord Porter a speedy recovery, and he is well on the way to that. In his absence it is good to have the noble Baroness putting forward his views. In the meantime, we engage very regularly, as she will know, with the Local Government Association. Many good ideas come from it, and my noble friend Lord Porter does a very good job in putting forward the arguments for local government.
My Lords, did the Minister see the double-spread story in the Times last Saturday, headed:
“Help to Buy boom could leave a generation in negative equity”?
It shows how the scheme has helped housebuilders to double their profits while the number of the affordable homes they have produced has been halved from the local plans. I too applaud the revised National Planning Policy Framework, but can the Minister confirm that the contention by builders that they may not make a profit of at least 20% will no longer be used as the test for whether they can renege on their obligations to provide affordable homes?
My Lords, I thank the noble Lord for all he does in this area, which is considerable, and for his comments about the National Planning Policy Framework. On his question about the Help to Buy scheme, we should remember that more than 420,000 people have been helped to buy their own homes through the scheme. Yes, of course, we hold to account local housebuilders across the country for ensuring that they are delivering. We are constantly looking at the case for ensuring that, where there is a shortfall in delivery and they are at fault, we do something about it—so we expect them to step up to the plate. However, Help to Buy provides assistance for an awful lot of people who want to own their own homes and are unable to do so, and we should be thankful for that.