My Lords, I welcome the Statement. It was a broad Statement which by any objective assessment could have been made only by a Chancellor who was successful in his position, as the present Chancellor surely is and has been in running the economy since 1997.
My noble friend said that schools and hospitals come first, as they surely must. I certainly welcome that, but I also welcome the fact that the third leg of the stool, as it were, in the Statement was housing. Without decent housing, the first two services are difficult to deliver for children. As chairman of the Housing Corporation, I welcome the confidence that the Statement gives us about delivery in the difficult circumstances of increased housing needs and deprivation. I look forward to the Statement promised on Thursday by my right honourable friend the Deputy Prime Minister on planning and the whole area of housing.