Matthew Pennycook

I am sure that we will have ongoing discussions about that and other issues. The hon. Gentleman may wish to hone his private Member’s Bill—the Homes and Planning Bill—so that it focuses on this issue among others. As I said at oral questions on Monday, I recognise the strength of feeling in the House on disposals. I want to ensure that every opportunity is taken to retain homes in the social housing sector. The new disposal notification requirements in the Bill, which I will address later, will maximise opportunities for social housing providers to buy and retain social homes, but housing associations remain independent organisations, responsible for their own asset management decisions. Yes, we are looking at what more we can do to protect much-needed social housing stock, but there are limits to the extent to which we can go. Further to that point, we are also taking equally important steps to ensure that councils are in a better position to buy any disposals—by raising the gap on grant funding for acquisitions, for example. Taken together, those measures will fundamentally alter the trajectory of social housing supply. Between April 2012 and March 2024, there were over 124,000 council right to buy sales, with fewer than 48,000 homes replaced in the same period. Under the previous, pre-reform baseline, we could have expected to see an approximate net loss of another 26,000 council homes between 2026 and 2036. Following the implementation of this Government’s right to buy reform package, including the measures in the Bill, we instead expect to realise a net gain of around 18,000 homes in the same 10-year period. To put it more simply, instead of vainly watching the loss of precious social homes massively outpace their building, we will, for the first time in decades, build considerably more than we are losing thanks to this Labour Government and this Bill.