Oral Answers to Questions

Tim Farron Excerpts
Thursday 6th September 2012

(11 years, 8 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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I can explain what happened at that conference. My ministerial colleagues and I spend a great deal of time promoting defence exports, which are one of the main success stories in the rapid growth of our exports and one of the main features of the rebalancing that is taking place.

Tim Farron Portrait Tim Farron (Westmorland and Lonsdale) (LD)
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In my constituency, 3,000 people are waiting desperately for a council house. Perhaps one answer to that problem, both in my area and across the country, might be to consider quantitative easing through social housing bonds, to ensure that there is an explosion in council house building in this country.

Vince Cable Portrait Vince Cable
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I know how passionately my colleague feels about this. I was with him a few weeks ago in his constituency and there is an acute shortage of affordable housing. The issue he raises of how to get resources into affordable housing was partly met this morning by the substantial increase in guarantees of £10 billion to housing associations, which is direct funding support for social housing. I am sure that he will see a good deal of activity in the wake of this.