Affordable Housing

Debate between Lord Bird and Baroness Williams of Trafford

Monday 7th March 2016 Lords Chamber

[Baroness Williams of Trafford]

My Lords, it is not just starter homes. Through the spending review there will be a range of homes of different types of tenures that will be available at each price point to suit a number of different types of first-time buyer or renter.

[Lord Bird (CB)]

My Lords, is it not interesting to consider that this is how Britain spends 87% of the money that banks lend? That is one reason the market is so overheated. What are we going to do to reduce the heat? In Germany, only 20% of the money lent by banks goes on housing. This is a ridiculous situation and we have to address it.

[Baroness Williams of Trafford]

My Lords, we have had lots of differences in this House over housing and the different types of housing we are going to provide, but one thing that all noble Lords agree on is that we need to increase the supply of housing in order to make it affordable. That is the way forward for the future. This Government are committed to delivering one million homes by 2021.