(8 years, 9 months ago)
Commons ChamberWhile the hon. Member for Westminster North (Ms Buck) is right to draw attention to the difference in the enforcement of existing regulations, neighbouring councils with the same resources often enforce the regulations in radically different ways. May I encourage the Minister not only to promote the best practice in enforcement, but, most important, to challenge councils that are failing to use the powers that they have?
My hon. Friend has a wealth of experience in this field, and, as always, he speaks with great common sense and logic. Local authorities should be using the powers that they have. By far the majority of landlords provide a good service, but authorities should be using those powers to crack down on the rogue landlords whom all of us, including good landlords, want to see driven out of the system.
(8 years, 11 months ago)
Commons ChamberSome Opposition Members believe that homes can be made more affordable, particularly in London for example, by returning to the bad old days of rent controls. Will the Minister assure me and many other Members of the House that the Government have no intention of giving powers to any future Mayor to reintroduce rent controls in London?
As my hon. Friend will know, we are very keen to see more and more localism and devolution of power, but I am happy to tell him that this Government will not allow us to fall into the trap that Labour often encourages people to fall into. The reality is that rent controls simply drive supply down and end up increasing rents, so we are very much against them and they will not be allowed under this Government.
(9 years, 2 months ago)
Commons ChamberT5. The new Leader of the Opposition is, I believe, a keen advocate of rent control—unlike some of his colleagues. Does the Secretary of State agree that every time we see rent controls introduced, all that happens is a fall in the supply of housing, making it harder for people to find homes?
My hon. Friend makes a very good point. The reality is that the introduction of rent controls that the Labour party wants is another level of regulation. Evidence around the world shows that that drives prices up and supply down, which is bad for tenants. It is probably why the private rental sector dropped to just 9% of the market on the Labour Government’s watch. I am proud that we have rebuilt it to 19%, and it is important to see that grow further. What matters is the work we are doing to ensure that the quality of protection is there for tenants. It has been proven that rent controls do not work.
Given that average tenancies have increased to almost four years, I think that we have already achieved what we needed to achieve and that the hon. Gentleman should be saying, “Well done!”
I draw the House’s attention to my entry in the Register of Members’ Financial Interests.
Despite what we have just heard, the evidence from abroad is that the best way to create a more professional private rented sector is actively to encourage pension funds and the long-term institutions to invest for the long term. Given that, may I strongly encourage the Minister to ensure that all our policies—taxation and otherwise—now encourage that long-term investment, not short-term capital gains?
As the House will know, my hon. Friend has a wealth of experience in this matter, and he is absolutely right. We have worked hard to expand the private rented sector, and we want it to grow further and not be threatened by the risk of Labour’s rent control. That is why we have £10 billion of housing guarantee schemes and have allowed the industry to unlock borrowing at the lowest rate in its history. We also recently announced a further £3.5 billion package to promote long-term institutional investment, which holds prices well and brings better and well-managed properties into the market.
(10 years, 2 months ago)
Commons ChamberTo an extent, I am having to apologise for the previous Labour Administration’s failure to deliver the sufficient number of council houses that we need. It is good to see that, under this Government, building is getting going again.
Despite the awful inheritance that the Minister has had to deal with, the truth at the moment is that the public sector is continuing to hoard surplus land and buildings. May I urge Ministers to look at ripping up the financial rules of Government, ensuring that we penalise the hoarding of public sector land and buildings and incentivise Whitehall and town halls to get such assets turned into real affordable homes?
My hon. Friend makes a very good point. I know that one thing he previously worked on, and I am now working on, is to make sure that we can go forward and deliver the land, as we are doing, to deliver the houses that we so badly need in this country.
(12 years, 9 months ago)
Commons ChamberBusinesses across my constituency and elsewhere, and organisations such as the Federation of Small Businesses, are making it clear that red tape and bureaucracy are the biggest blocks to growth and employment. After six new pieces of red tape or regulation a day under the Labour Government, will the Minister outline how many regulations have already been cut and what his ambitions are for the rest of this Parliament?
We inherited a scenario in which there was the equivalent of six new regulations every working day. I am therefore pleased to say that in the last year we have identified 600 regulations under the red tape challenge which we will either scrap or substantially overhaul, and we intend to ensure that we increase that number in the years to come.