Member

The formula then reacts upon itself to say, “You are now a more unaffordable area—now give us more of these executive homes.” I do not think that is what Ministers want, so the new clause is a helpful proposal from the Opposition. I hope that Ministers will give it serious consideration, to ensure that the housing formula creates incentives for high-quality but lower-price housing. The new clause does not prejudge exactly how that should be done, but calls upon the Government to look again at the system. I know the Minister is a reflective Minister and I hope he will do just that.