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Housing and Planning Bill

Part of the debate – in the House of Commons at 4:23 pm on 2nd November 2015.

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Photo of James Cartlidge James Cartlidge Conservative, South Suffolk 4:23 pm, 2nd November 2015

While the right hon. Gentleman is on the subject of regrets, let me mention Babergh, the main district in my constituency, where between 1997 and 2007 house prices increased by 200% on a sea of badly regulated mortgages, which led to an inevitable crash and a very deep recession? Does he regret the credit crunch, the excessive lending and the poor regulation that caused the affordability crisis we have today?