Debate on the Address

Does the hon. Gentleman share my concerns about the system for sale of land? If one demolishes a council property and sells the land, one can spend all of the money raised. But if one does not demolish the property, and sells it while it is extant, one can only spend 25 per cent. of the money; in fact, 75 per cent. must go to the Government to pay off the debt. Would not it be sensible to allow 100 per cent. of the revenue to be spent on additional housing?