Housing

Debate between Emma Reynolds and Joan Ryan

Wednesday 10th June 2015 Commons Chamber

[Emma Reynolds]

I congratulate Labour-run Hammersmith and Fulham council not only on taking over the council a little over a year ago, but on driving up the number of affordable homes through some of the big schemes in my hon. Friend’s constituency. He is absolutely right that many people and families in his and other parts of London have simply given up on buying their own home because the prices are so unaffordable and exorbitant.

[Joan Ryan (Enfield North) (Lab)]

Is my hon. Friend aware that the Institute for Fiscal Studies has said that the Government’s housing proposals could lead to fewer affordable homes? In Enfield, it would take a couple with one child 20 years to save up a deposit on a house, and the average private rent now consumes 46% of the average weekly wage. This is not affordable for people. Does she agree that the Government’s proposals will not resolve these problems?

[Emma Reynolds]

I will come on to those proposals in a minute. To pick up on what my right hon. Friend said about rent levels, the previous Housing Minister seemed to suggest in the House only a year and a half ago that rents were going down, whereas we know full well that in many parts of the capital and in many of our other cities they are going up and people are finding it increasingly unaffordable to rent in the private rented sector.