L

Lord Young of Cookham (Con)

Speaking in the House of Lords on 8 January 2026

Debate

New Homes: Target

Contribution

My Lords, I welcome many of the Government’s planning reforms, but the OBR made it clear in November that they would not be enough to hit the target. Recent completions were at a nine-year low. Many sites with planning permission are no longer viable because of escalating costs, and where sites are viable, builders are reluctant to build out because of weak consumer demand—the Treasury, rather than the Minister’s department, is partly to blame for both those things. If the Government want to get close to the target, will they not have to have a discussion with developers and in conjunction with them bring forward a successor to previous schemes to help first-time buyers?

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