Budget Resolutions and Economic Situation — Amendment of the Law

Part of the debate – in the House of Commons at 4:22 pm on 25th March 2013.

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Photo of Eric Pickles Eric Pickles The Secretary of State for Communities and Local Government 4:22 pm, 25th March 2013

The hon. Gentleman makes a reasonable point. However, housing prices are at a more reasonable level now, we will be increasing supply and of course there will be a check on the scheme, through the Bank of England, to see that it is renewed every three years. So the worries that he raises are not correct—