Housing and Regeneration Bill

I have a slightly different concern. Curiously enough, it is rather a relief to see those limits there. The Homes and Communities Agency is going to have a broad spectrum of functions in the property field. It will be able to purchase and sell property. In a sense, if we are not careful, we will be establishing a plc—by which I mean not a private limited company but a government-supported company—with a capitalisation of up to £3 billion. If it was used in that way, that would be quite extraordinary, but I know that that is not the Government’s intention. However, I am not wholly convinced of where the safeguards are, even in this Bill, that will prevent it happening. They may exist, but I am not sure that I detected them in the form in which I have put the question.