Another week of defeats for the government's Housing Bill
Week in Westminster
Published: 22 April 2016 | Author: Michelle Vosper
The Opposition and cross bench peers inflicted another five defeats on the government during day three and four of the Housing and Planning Bill’s report stage. Opposition and cross bench peers voted in favour of three amendments in respect of the ‘pay to stay’ proposals for social housing tenants, and two amendments in respect of the planning provisions within the Bill. The final report stage debate will take place on 25 April with third reading on 27 April. Ping pong (where the Bill passes between the Commons and Lords until the final text is agreed) will start on 3 May.
The Lords Economic Affairs committee held its annual session with the governor of the Bank of England Mark Carney. In his opening statement, Dr Carney said growth in mortgage lending was now being driven solely by the buy-to-let sector. He referred to the PRA’s review of the industry’s top 31 lenders which, he said, had revealed that some banks were applying weaker standards and more might do so. Hence, the PRA’s clarification of its expectations for underwriting standards for the market. Dr Carney said that the Financial Policy Committee would take no further action at this stage, but would continue to monitor the buy-to-let sector.
Number 10 Policy Unit’s special advisor on housing and local government Alex Morton will be leaving Downing Street for lobbying group Field Consulting in May. He will be replaced by the deputy mayor of London for housing Richard Blakeway.
A table of the housing manifesto pledges of the main political parties taking part in the Welsh Assembly election on 5 May is now available. Similar information for the Scottish Parliament and Northern Ireland Assembly elections will also be compiled once all of the relevant manifestos have been published.