Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of the Government’s house building programme on the value of assets in the Public Sector Net Financial Liabilities.

Net Financial Debt, otherwise known as Public Sector Net Financial Liabilities, recognises the value of financial assets that are expected to make a future return, such as loans.

Houses are non-financial assets and so their value is not captured in this fiscal metric.

Through the Spending Review, the government provided the biggest boost to social and affordable housing in a generation.