Part of Clause 8 – in the House of Commons at 4:45 pm on 20 May 1980.
In 10 or 15 years, which is the soonest that we are likely to be in opposition, we might be unhappy if the Labour Government—[Interruption.] I said "soonest". I hope that my hon. Friends will give me credit for that. We would be unhappy if the then Labour Government, in 20 or 25 years, said that they were going to repeal the legislation. They would be constitutionally entitled to do that, but we would resist them if they said that they would cancel retrospectively option agreements freely entered into between tenants and local authority landlords. That is the point.