Robert Halfon
Main Page: Robert Halfon (Conservative - Harlow)I will indeed join my hon. Friend in congratulating his council. As I said in my original answer, this is quite a big deal, amounting to £2 billion a year. I think it was Cheshire East council that managed to save £500,000 a year on the single person discount. We are not talking about trivial amounts here; we are talking about something that will make a big difference.
7. What steps his Department is taking to support home ownership.
14. What steps his Department is taking to support home ownership.
I can announce today that, subject to contracts, more than 100 developers will offer the equity loan product Firstbuy and I can also say that this will build more than 10,000-odd homes as we initially anticipated—something like 10,500 in England—and bring up to £500 million-worth of investment across the UK.
Is my hon. Friend aware that, under the last Government, the waiting list in Harlow quadrupled? Does he accept that one of the best ways to break the poverty trap is to help families into shared equity schemes to give them a foot on the property ladder?
My hon. Friend is absolutely right. The waiting list doubled across the country, but in Harlow it quadrupled during the period of the previous Government. That is not good enough; we must build more homes to get ourselves out of that trouble. In addition, we need innovative products that share equity. I know that my hon. Friend is a keen supporter of that and I am sure it will help in his area as indeed it will in the areas of all Members across the country.