The number of households in home ownership has remained relatively steady since May 2010. There were 14.45 million in the year 2010-11 and 14.32 million in 2013-14, according to the latest available data from the English housing survey.
Despite that response, the number has not remained steady. It has actually fallen by almost 4% in four years, and we now have 11 million people, including 1.5 million children, living in private rented accommodation. What are this Government going to do to support those families, and to support generation rent more generally?
The figures I gave did show a fall, so we are not disagreeing on that. The fact is that home ownership peaked in 2005 and fell dramatically in the five years of the last Labour Government. The private rental sector is an attractive part of the housing mix for a large number of people, and in the past 12 months this Government have put in place a huge number of reforms to regulate the sector. They include the regulation of letting agencies to ensure that they all belong to an ombudsman scheme, that they are completely transparent about their fees and that they publish a how-to-rent guide and a model tenancy agreement. That is a vast improvement on what we had before.