Housing and Planning Bill
Debate between Greg Clark and Nick Hurd
Greg Clark
I will give way first to my hon. Friend the Member for Ruislip, Northwood and Pinner (Mr Hurd), because he has been patient.
Mr Nick Hurd (Ruislip, Northwood and Pinner) (Con)
I thank my right hon. Friend, whose line of argument I wholly support. Starter homes, to which he referred earlier, are a very good idea, but I fear that the proposed price cap of £450,000 in London could be interpreted by developers as a price guide, thereby rendering such homes unaffordable to young people and those on low and median incomes in London. What reassurance can he give me on that point?
Greg Clark
My hon. Friend is absolutely right. It is a cap and not a guide, and we want to see starter homes with prices well below that amount, but it is right to set a maximum.