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Lord Young of Cookham (Con)

Speaking in the House of Lords on 15 September 2026

Debate

Home Building Target

Contribution

My Lords, I am grateful to the Minister for her reply, but only Ministers believe that the 1.5 million target is achievable; even the National Audit Office said that the chances are slim. The Prime Minister has recently decided to channel public money for housing away from housing associations and through local authorities. First, does the Minister agree that this means we will get fewer social homes, because housing associations can top up public money with private borrowing while the local authorities cannot? Will she urge him to change direction? Secondly, does she agree that many of those renting could afford a mortgage if they had some help with a deposit? Has she read today’s Financial Times, which indicates that the previous Secretary of State urged the Government, before he was sacked, to introduce a successor to Help to Buy? Will she urge the Prime Minister to continue with that, as this will give the market the confidence it so badly needs?

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