Gareth Bacon

The point I am making, as my hon. Friend the Member for Hamble Valley (Paul Holmes) says from a sedentary position behind me, is that there will be even fewer new social homes under this Bill. It is not the answer to the problem. The Government’s own data is not the only data available that disproves the justification for restricting right to buy. The Government have argued that the Bill will mean that around 3,000 additional homes are retained a year, but research conducted by the House of Lords Library shows that only a net 3% of social homes become available each year to new tenancies. That means that about 90 additional homes will be available for a new tenant every year, instead of 5,000. The very premise that right to buy is taking homes away is a fallacy. The only people who qualify for right to buy are long-term tenants, and Government data has shown that 78% of new lettings remain lifetime tenancies. That means that in three quarters of cases, we are looking at social homes that are unlikely ever to be available to a prospective tenant when they need it. All of that clearly demonstrates that right to buy is not the issue—it is part of the solution. That is not the only available avenue that the Government could take to support those on the waiting list and get more people into the housing they need. I hope that you will not mind, Madam Deputy Speaker, if I offer two key areas in which progress could be made. First and foremost, it could be made through house building. The Government put forward clear and definite promises to voters in 2024. We were told that by the end of this Parliament, the Government will have built 1.5 million new homes, including “the biggest increase in social and affordable housebuilding in a generation.” The new Prime Minister—a self-proclaimed opponent of 1980s policies—has similarly committed to a social housing revolution, albeit without a defined target or an idea of what that looks like. But now, halfway through this Parliament, after the slog of the Planning and Infrastructure Act 2025, multiple updates to the national planning policy framework and the publication of this Bill, we are left without a clear route to building more homes, and projections from the Government themselves show that they have managed to build just 26% of their target in nearly 50% of the time. The Bill does nothing to prioritise building. It will not add a single social home to the housing stock.