Finance (No. 2) Bill

Part of Bill Presented – in the House of Commons at 2:12 pm on 1st April 2014.

Alert me about debates like this

Photo of Kevan Jones Kevan Jones Shadow Minister (Defence) 2:12 pm, 1st April 2014

I am not sure what nirvana Guy Opperman lives in if he thinks that the housing market in the north-east is booming. Average house prices in the north-east are still £5,000 lower than in 2008; that compares to an increase of about £77,000 in London. The hon. Gentleman also fails to recognise that 16% of people in the north-east are still in negative equity. The idea that somehow the housing market in the north-east is booming is wrong. We have a two-speed Britain—a booming south-east and London, and a stagnating north.