Housing

Tulip Siddiq Excerpts

Wednesday 10th June 2015 Commons Chamber

[Emma Reynolds]

I shall come on to that in a minute. We support the principle that people should be able to buy their own homes, but we also think that the Government, weeks into the election campaign, came up with a half-baked proposal that was uncosted and unfunded. They have no plan to replace the homes they will force councils to sell to fund the discount, and they have no plan to replace the homes sold under the scheme.

[Tulip Siddiq (Hampstead and Kilburn) (Lab)]

A number of new builds in my constituency are being bought by foreign buyers, meaning that local people are not getting a look in. Does my hon. Friend agree that the Government need to undertake a review of whether foreign buyers are renting out or occupying the lands they are buying?

[Emma Reynolds]

I think the Government need to do much more to tackle the problem of empty homes, particularly in the capital. In a number of schemes, glamorous apartments are being built that few local people can afford, and in the evening many of them have no lights on because nobody is at home.

First-time buyers now need to be earning more than ever before, and deposits are 10 times the size of those needed 30 years ago—no wonder that a record number of young people are living at home with their parents into their 20s and 30s. Some get a helping hand from the bank of mum and dad, but others are not so lucky. Many have given up hope of ever being able to buy their own home, and a record 11 million people are now renting from a private landlord, while the shortage of council homes and homes for social rent is pushing up rents and the housing benefit bill. As I just said, the number of people in work and claiming housing benefit has doubled over the past few years, and, most worryingly of all, homelessness and rough sleeping are on the rise.