Member

I appreciate that the Minister said that developers had been aware of this for a number of years, and I do not believe that this levy on its own will stop development. However, we have seen a constant layering of additional costs on development, whether it is the building levy, landfill tax, high-rise building safety, additional 106 or biodiversity net gain—among other things—and, in London, a variety of specific mayoral requirements. We absolutely agree that we need safe buildings and that they need to be funded, but, if the cost of building is greater than the sales price, homes will not be built. I fear that, in many parts of the country, as a result of this layering, we are approaching this point.