Orders of the Day — Housing and Building Control Bill

Part of the debate – in the House of Commons at 9:35 pm on 5th July 1983.

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Photo of George Young George Young Parliamentary Under-Secretary (Department of Environment) 9:35 pm, 5th July 1983

Not only is the Opposition's policy socially misguided, but it is bad economics. If they were to use the housing investment programme to bring existing houses back into the municipal stock, it would add not one brick to the nation's housing, nor create one new job in the construction industry. Diverting resources to municipalisation reduces new investment. That is the exact converse of our policy on council house sales, which generates substantial additional funds for local authority investment, which in turn creates new jobs.