My Lords, I draw attention to my interests in the register. May I point out to my noble friend that Governments do not build houses—the private sector builds them? The private sector will build only when it thinks there is a market for them. The Bank of England’s crashing of interest rates in its failed policy to drive down inflation is not going to be the solution. My noble friend must remember that the only time this country has ever delivered 300,000 units a year was when councils were freed up to deliver 70,000 or 80,000 units. Her department has removed two of the historic barriers, but will she look at removing the third? We removed the cap on right-to-buy receipts being spent—councils can now spend 100%, which is brilliant—and the cap on councils borrowing against the existing value, but we still need to remove the cap on their ability to set locally determined discounts.