With all due respect, I think that I answered that. I said that it is very unlikely that there will be negative value, but the market makes the judgment if something has gone down in value. If you put a property on the market or to rent, the market determines whether its value has gone down. That is how every price is achieved. I hope that that answers the noble Baroness—she is looking a little bit negative. I cannot imagine that we can set up a system that prescribes that a property is worth this or that amount; the market determines that.
Energy Bill [HL]
Proceeding contribution from
Lord Marland
(Conservative)
in the House of Lords on Monday, 24 January 2011.
It occurred during Debate on bills
and
Committee proceeding on Energy Bill [HL].
Type
Proceeding contribution
Reference
724 c161GC 
Session
2010-12
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-15 21:05:31 +0000
URI
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