Perhaps I may come in very briefly. I wish to make three points. First, in any process you need a balance between prescription and flexibility. If the intent is to achieve one for one, that should be the nature of the agreements that are formed with local authorities. When the statutory instruments are published, that provision may well be included. If the Minister says, “I guarantee that one for one will be in the statutory instrument”, we may not need this amendment. But in the absence of such a guarantee, there is no mechanism for knowing with confidence that the Government’s intent is that one for one can be delivered.
Secondly, in relation to capital borrowing, in everything other than housing, local authorities have the ability to borrow prudentially. As was said this morning, they could borrow to build three swimming pools. The one area where they are capped is housing. Therefore, if you do not fully fund the replacement, you have to have an ability to lift the cap to find the necessary capital borrowing. That is the reason why that provision is included in the amendment.