Housing Supply (London)
Debate between Siobhain McDonagh and Eilidh Whiteford(9 years, 4 months ago)
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Dr Eilidh Whiteford (Banff and Buchan) (SNP)
Thank you, Mr Chope. I begin by congratulating the hon. Member for Ealing Central and Acton (Dr Huq) on securing the debate, which I have listened to carefully. I genuinely regret that more London MPs have not been called to speak, because I know that the contributions they have to make are worthy.
What I have heard today leaves me in no doubt about the seriousness of the housing problems facing people in this city and the failure of successive Governments to really grasp the nettle, particularly with regard to affordable housing in London. Although I represent a seat in the north-east of Scotland, I am not a casual observer of what is going on here, because, like all Members from outside London, I spend my working week here. I live in this city when Parliament is in session and I need to find a place to stay too. Even from the very privileged position that MPs have, the distortions and excesses of property prices in London and in the private rented sector in central London are more than evident.
Siobhain McDonagh (Mitcham and Morden) (Lab)
Is the hon. Lady aware that part of the reason for people being squeezed out is the amount of buy-to-let landlords there are now, and that it is easier to become a buy-to-let landlord than it is to become a first-time owner-occupier? Is she also aware that by getting rid of tax relief on buy-to-let mortgages, the Government could raise £6 billion, which would be the equivalent of funding housing associations to provide 100,000 properties in our city?
Dr Whiteford
I am very pleased that the hon. Lady has managed to get those important points on the record, because they are pertinent to this debate and have not really come to the fore yet.
Prices are way beyond the purse of even quite well-paid people in London, and that is just not sustainable. The fundamental and interlinked issues at the heart of this are supply and affordability. A fundamental shortage of housing has pushed rents out of control, the consequences of which have been well rehearsed. The right hon. Member for Tottenham (Mr Lammy) made a key point by saying that someone on an average salary of around £30,000 a year cannot even dream of owning a house that costs nearly half a million pounds.