I do indeed remember the capping. I am with my hon. Friend Mr Betts on this-I do not believe that capping is right. However, the situation in 1995 was incredibly desperate. By that time, we had suffered 15 or 16 years of year-on-year cuts. In the mid-1990s, there was less cash for the housing budget, in real terms, than we had had in 1979. By the time Labour came to power in '97, there was a backlog of £1 billion in the housing budget.
I accept criticism of Labour's record on affordable housing and new housing; I think that the previous Minister for Housing accepted it. But we had a massive backlog of disinvestment to deal with.
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