Housing and Planning Policies

Part of Opposition Day – in the House of Commons at 4:18 pm on 22 June 1988.

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Photo of Mr Tony Banks Mr Tony Banks , Newham North West 4:18, 22 June 1988

Housing seems to be one of those areas where the normal laws of supply and demand do not apply. For example, in London there is an excess of units of accommodation over the number of people who need to be accommodated. There are in London 94,000 empty privately owned properties, but the price of property there is going up and up. Will the Secretary of State for the Environment explain why he believes that building more homes will push down house prices?