We need to do both, of course. The major flaw with Help to Buy is that nearly a fifth of the people being helped to buy through the scheme are not even first-time buyers. Nearly 4,000 being helped by
Help to Buy are on incomes of more than £100,000. It is not well targeted and it is not good use of public money. It could be spent much better, especially on helping younger people on ordinary incomes to get their first foot on the housing ladder.