Heidi asks Nick about the impact of reducing money for affordable housing

Heidi Alexander (Lewisham East, Labour)

Yesterday, the National Housing Federation reported that a first-time buyer in London needs a salary of almost £100,000 to buy an average-priced property. In the light of that, will the Deputy Prime Minister tell me how many low-cost homes will not be built in the capital as a result of his Government’s decision to cut the affordable housing budget by 63%?

Nicholas Clegg (Deputy Prime Minister, Lord President of the Council; Sheffield, Hallam, Liberal Democrat)

What I do know, of course, is that we inherited a situation in which fewer- [Interruption.] They do not like to hear it, but they have to-it is the truth. Fewer and fewer affordable homes were built, and more and more people and families ended up on the waiting list for affordable homes. We have a plan finally to put that right, and to increase the construction of new affordable homes at a rate that the Labour party never achieved.

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About Andrew Brown

I live in Lewisham, South East London, and spent 9 years as a Labour councillor in the borough between 1997 and 2006.
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