Part of the debate – in the House of Lords at 2:56 pm on 23 March 2009.
Baroness Andrews
Parliamentary Under-Secretary, Department for Communities and Local Government, Parliamentary Under-Secretary (Department for Communities and Local Government)
2:56,
23 March 2009
My Lords, the current problems facing the housing market were caused not by HIPs but by the global economic downturn. Independent research undertaken by Europe Economics found no evidence of any impact by HIPs on transactions or prices.
