I beg to move,
That this House has considered the Affordable Homes Programme.
It is a pleasure to serve once again under your chairmanship, Mr Hollobone. I am so glad to have secured this important debate on the affordable homes programme, and I am immensely grateful to the House authorities for granting it.
Affordable housing is one of the most depressing and urgent issues facing the good people of Slough and communities across our country. Rarely does an advice surgery go by without a constituent raising concerns about their dire housing situation. Although I commend the bold ambitions of the affordable homes programme, which aims to build 180,000 new homes outside London by March 2026, it is clear that when it comes to delivering on housing the Government continue to fall far short of the mark. The reality is that we face an affordable housing crisis. The basic promise made to each generation that if they work hard they can one day own their own home has been broken.
I speak to young people in their 20s and 30s, often with children, who tell me the same thing: they have as much chance of settling on the moon as they have of buying a home in Slough. This week the estate agent’s window shows a four-bedroom house in Slough for £750,000, a two-bedroom bungalow for £525,000 and a one-bedroom flat for £300,000. Even with an elusive 5% deposit mortgage, those prices are way beyond the reach of shopkeepers, teachers, nurses, home care assistants, police officers, firefighters and even junior doctors.
Since the Conservatives came to power about 13 years ago, 800,000 fewer households under 45 own their home, and 1 million more people are renting—so much for the “property-owning democracy”. The answer would be a renewed social rented sector, but the number of truly affordable homes being built has fallen by 80%. The system is broken and the Conservative Government are doing next to nothing to fix it.