I very much take on board my hon. Friend’s point. There are real questions left hovering over the Bill. My hon. Friend refers to the Housing and Planning Bill, which relates to the use of land. That is the issue that concerns Labour Members: what will the land be used for? We highlighted the use of land and what kind of housing will be built on it. Clearly, there is concern about infrastructure and other possibilities, even use for business and other modelling on land in the future. The Bill does not specify a certain type of housing. The limited partnerships model proposed does not list the scope of use of the property and the development in the future.
I would like to return to my initial point before I close, which is the ageing of the Bill. We have seen very clearly that the world has changed so much since it was first drafted. What is the Bill’s relevance to the modern economy? We have heard much about the structure and direction of our economy. The Bill will build more of an asset-based economy than one that is social-based.