Localism Bill

My Lords, I had not intended to intervene, either. I do not want to go too far down the same line as my noble friend Lord Waddington. Obviously, immigration—the number of people coming in as against the number going out—has some effect on the housing market. It must do. However, a lot of other trends, including the growth in the number of single-parent families and the huge increase in the number of people living on into old age as single people, are generating an additional demand for housing. That should be set against the current background where, even with low interest rates, the low availability of mortgages and the drop in housebuilding are creating something that we need to take seriously—namely, a diminution in home ownership in this country. As a Conservative who strongly supported the right to buy, with all the effects that that had, I am alarmed that we now have a situation in which our housing policy appears to be leading to a steady diminution in home ownership. There are strategic issues here that need looking at.