Clause 89

Part of Localism Bill – in a Public Bill Committee at 5:30 pm on 15th February 2011.

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Photo of Henry Smith Henry Smith Conservative, Crawley 5:30 pm, 15th February 2011

In a minute, I am expecting the right hon. Gentleman to claim that the US sub-prime mortgage market has held down house building in this country. Is it not the case that his party was elected in 1997 and the economic downturn hit in 2007? Why was house building in that decade not as high as the top-down method would suggest it should have been?