Housing and Planning Bill - Report (5th Day)

Part of the debate – in the House of Lords at 7:30 pm on 25th April 2016.

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Photo of The Earl of Lytton The Earl of Lytton Crossbench 7:30 pm, 25th April 2016

My Lords, I am not sure that I know the answer to that. The point that I was trying to get at in the process of this amendment was the question of who profited from the 500 houses. The short answer is that very large gains are made by dint of the market. The noble Lord may wish to take the view that the market should be overridden—a view that I feel certain many would share on his Benches. It does not happen to be my view and we will have to agree to differ on how this is to be dealt with. I entirely respect his view and I can see the social pinch point here, but I am trying to look at this as an economic model rather than in terms of who gains out of it.

I have gone on long enough about this and it is certainly not my intention to divide the House on it. I therefore beg leave to withdraw the amendment.

Amendment 119B withdrawn.

Amendment 120 had been withdrawn from the Marshalled List.

Consideration on Report adjourned.