It is a huge pleasure to follow my hon. Friend Zac Goldsmith, who I dearly hope will be the next Mayor of London and will have the chance to build on the legacy of my parliamentary neighbour, my hon. Friend Boris Johnson.
I rise to seek reassurance on one central point. I support the principle of the Bill. It is designed to make it easier for people to own their home, to build their home and to have better protection from rogue landlords. It will have my support on Second Reading. However, I have a concern, which I would like those on the Government Front Bench to respond to, in relation to whether the Bill will lead to an increase in the supply of affordable homes in London across all tenures. As my hon. Friend the Member for Richmond Park said, that is the No. 1 political challenge we face in London.
I am a London MP. I represent an area where it is now almost impossible for someone to rent a one-bedroom flat for less than £1,000 a month, or to buy it for less than £250,000. Despite the best efforts of Hillingdon Council, which is as determined and as creative as any, most of what we see built in the area is what the market can pay rather than what the community needs, which is homes that young people and key workers can afford. The clear priority, therefore, is to increase the stock of affordable housing across all tenures. This goes to the heart of the kind of London that we should want to see and hand on to future generations. It must be a city in which people of all ages and incomes can live together in neighbourhoods that are not segregated by wealth, class or nationality.