Lord Forsyth of Drumlean
Main Page: Lord Forsyth of Drumlean (Conservative - Life peer)Department Debates - View all Lord Forsyth of Drumlean's debates with the Wales Office
(7 years, 1 month ago)
Lords ChamberFirst, the noble Lord is absolutely right about the need for people from overseas to help with the construction side; that is a point identified by the Government which is being taken up and acted on. In relation to investment opportunities, as I have mentioned already, there is considerable growth in the economy in this area. We have Laing O’Rourke, L&G and Swan producing modular housing in the country at the moment, in Worksop, Leeds and Basildon respectively. In Chatham, we have homes already being built with that type of investment, and over seven sites in London are taking this up. It is right to say there is great potential here, and we intend to ensure that it is used.
My Lords, might not the Government tackle the oligopoly that exists among the big housebuilders, which results in land for which there is planning permission not being built on? Also, might we expect the Government to respond to the recommendation from the Economic Affairs Committee that we end the absurdity whereby local authorities can borrow to build swimming pools but not council houses?
My Lords, my noble friend is absolutely correct about the issue of land banking, although he did not call it that; it is certainly something identified in the White Paper. Borrowing is there already. I do not want to pre-empt the Budget, as I do not know what will be in it myself, but obviously it is an issue that will be looked at by the Government.