British House Building Industry

Part of Uk Shared Prosperity Fund – in the House of Commons at 4:12 pm on 5th September 2019.

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Photo of George Howarth George Howarth Labour, Knowsley 4:12 pm, 5th September 2019

That adds to the unfairness of it. Redrow is not unique in this, and all these companies need to look at themselves, the business model they are adopting and the ethics involved.

I will conclude by asking the Minister three questions. First, may I invite her to join me in condemning Redrow and the other companies that are still involved in this practice? Does she agree that the freehold purchase cost of 10 times the ground rent is fair and reasonable, whereas 26 times is sheer daylight robbery? Finally, does she agree that it is desperately important that we have legislation to curtail the naked greed of those developers engaged in this disreputable practice?