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Clause 5 - Modification or discharge of affordable housing requirements

Part of Growth and Infrastructure Bill – in a Public Bill Committee at 10:45 am on 27th November 2012.

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Photo of Ian Murray Ian Murray Shadow Minister (Business, Innovation and Skills) 10:45 am, 27th November 2012

My right hon. Friend is making an incredibly powerful argument with that particular example, but is it not also the case, reflecting on that example, that people could put in these planning applications in good faith to deliver what they seek to deliver, but the economic cycle, as we have seen in recent times, could change overnight? A perfectly viable project that has been put in under the best of circumstances could turn into an unviable project. They would appeal to make it more viable and the policy would unwind just by the nature of the economic cycle and the good faith of that developer.