Lord Kinnock
Main Page: Lord Kinnock (Labour - Life peer)Department Debates - View all Lord Kinnock's debates with the Wales Office
(8 years, 5 months ago)
Lords ChamberA consultation is going on at the moment about the technical aspects of rolling out brownfield sites. There will be a requirement for appropriate brownfield sites to be put on a register during 2017, but appropriate notice will be taken where there is some other use for a brownfield site, such as an allotment.
My Lords, does the Minister agree that, especially in the wake of Brexit, there is a pressing need for the encouragement of higher investment in the economy, including public investment, and on brownfield sites? Given that, can the Minister give us an undertaking that the Government will raise the level of public investment from the current 1.5% of GDP to the 3.5% recommended strongly by the OECD?
My Lords, the noble Lord will be aware of the £20 billion already committed to housing over the length of this Parliament to deal with the serious issues he raises. It is well above my pay grade to go beyond that as regards what the Chancellor may do in the next Budget, but I am sure he will take account of the economic circumstances and that he will look closely at where we are when we get to that Budget.