T2. The Minister will be aware of the excellent representations by the Witham town centre team to bring a Portas pilot to Witham. Will he congratulate that team on their vision and, importantly, support them in bringing that vision to Witham town centre?
I am aware of the excellent Portas pilot bid by my hon. Friend’s town team. I wish it well, along with the other 350 or so bids that are still in the competition. As I mentioned, an announcement will be made before the end of this month.
As I said earlier, the problem with the housing market was sub-prime lending, or lending to people who could not afford to pay back the mortgages, not 95% mortgages, which operated perfectly well in this country for many decades. The criteria for lending are now much stricter, and nobody will get a mortgage who is not properly able to pay it, not only with today’s low interest rates but with interest rates that are clearly likely to rise at some point in future.
T3. With the London elections on the horizon, should Londoners elect a Mayor who has frozen the Greater London authority’s share of council tax, keeping more money in people’s pockets, or a man who is more concerned with finding ways of dodging paying his own taxes while increasing everybody else’s taxes?