Housing Supply (London)
Debate between Rupa Huq and Mike Gapes(9 years, 3 months ago)
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Mike Gapes (Ilford South) (Lab/Co-op)
Is my hon. Friend aware that much of this overseas purchasing involves dodgy money from Russian oligarchs and elsewhere, and that house prices in our city are being pushed up by criminal money and criminal enterprise? Is it not time for the Government to clamp down on Russian oligarchs, or are they too dependent on funding from connected people?
Dr Huq
My hon. Friend makes an excellent point. Those dodgy people do need to be clamped down on. It would be a nightmare if London became just a playground for oligarchs, which is the way things are going.
The start of a new term in Parliament marks a natural punctuation point for new thinking. Will the Minister look towards alternative solutions such as co-operative housing? In 1997, Tony Blair stated that the main issue was “Education, education, education.” In 2015, it must surely be “Housing, housing, housing.” According to Ipsos MORI, 28% of Londoners rate housing as their main concern, compared with 13% nationally. This is a timely debate, and I look forward to hearing contributions from my fellow Members, as well as from the Minister.