Housing Market (Budget 2013)

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 25 June 2013.

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Photo of Sajid Javid Sajid Javid The Economic Secretary to the Treasury 11:30, 25 June 2013

The short answer is that it most certainly will, and it has been welcomed by the Home Builders Federation. I am pleased that the hon. Gentleman is now concerned about the issue. House building fell to its lowest levels since the 1920s under the previous Government. The number of affordable homes decreased by 421,000 over 13 years and local authority waiting lists almost doubled from 1 million to 1.8 million under Labour—a shameful record.