Baroness Thornhill (LD)

My Lords, Amendment 263 is in my name, and was kindly signed by the noble Baroness, Lady Freeman of Steventon. My noble friends Lady Janke and Lady Grender will speak to their own amendments in this group, and we will all aim to be brief due to the lateness of the hour. All through every day of this Committee, there has been a series of common threads, regardless of the groupings. One such thread is the uncertainty of the impact on the supply of homes to the private rented sector. We have had claims and counterclaims, but the reality is that no one knows exactly what will happen yet, because this is a genuinely radical Bill. A sub-theme, if I may call it that, has been the plea throughout the Bill’s passage for various aspects of it to be reviewed. My amendment tries to pull these concerns together and seeks to provide an honest, full and all-embracing review to be presented to Parliament no later than two years after the passing of the Act. Two years seemed like a long enough time to gather data and see trends, but not too long to make changes, if it were apparent that changes needed to be made. The proposals in the Bill are so far-reaching, the legalities complex and the regulations as yet largely unknown and awaiting guidance or agreement through secondary legislation. But the impact of them could, we hope, be extremely positive and change the rental market for the better—or it could be a total disaster. We have certainly had plenty of hyperbole and tub-thumping rhetoric to that effect. Maybe it will simply be somewhere in between: the curate’s egg. This amendment tries to cover all the important key indicators. As the explanatory statement says, it “requires the Secretary of State to review and report on the impact of the Act on the private rented sector, including housing supply, rent levels, tenant security, and regulatory burdens, within two years” of the Bill’s enactment. It also helpfully suggests who might be consulted upon, but—also helpfully—it includes the option for whomsoever is deemed appropriate by the Secretary of State. I do not think it would be helpful at this time of night to expand on why each of these things is extremely important, but we know that they are, and that is why they are listed in the amendment. For that reason, we would like to see this, or something very similar, on the face of the Bill. I beg to move.