The purpose of power is to bring transformation, with transformation of communities delivering transformation of life chances. When we get that moment to bring forward legislation to tackle the burning injustices perpetuated throughout our communities, where 14.5 million people live in poverty, one third of them children, we expect Government to make the bold interventions to ensure that everyone has a sustainable home to call their own; that public land is used for public good, delivering the homes people need and can afford to live in, rather than seeing investors further their wealth; and that we build houses and high streets together to ensure that the local community is served.
I welcome the opportunity to auction off empty units to ensure that our high streets become vibrant again, and I urge the Government to look further at ensuring that spaces above shops are utilised, not just for business, but for start-ups, creatives and social enterprises and as incubator and accelerator spaces, such as those the University of York is investing in. The Government have failed to level up power between communities and vested interests in this Bill, or to provide the framework to shift the entrenched planning injustices and tilt planning towards the needs of our communities. With this Bill, we still have landowners marking time against profits and developers continuing to extract wealth from investments while denying house seekers the right to a home.
That brings me to the challenge before us. We need to get the pecking order right with housing, putting social housing at the heart of what needs to be developed, and then bringing on affordable housing so that house seekers can have the home they long for. That is what Nye Bevan did when he developed his “homes fit for heroes”, putting the power in the hands of municipal authorities and giving them the permissions and powers to build. We must learn from that in order to build to need again. I think everyone in this debate ultimately wants to ensure that we get the right tenure, in the right places, at the right price for our communities. This Bill simply does not tick that box, so we know there is more to come in terms of amendments to the Bill to make sure that that happens.
Without having value defined in the infrastructure levy, it is hard to assess the benefit it will bring. I trust that the Minister will say more about that. Take York-based Persimmon: last year it generated £3.61 billion in revenue and made just shy of £1 billion in pre-tax profits. A robust levy must demand more from those large developers, so that those who make the greatest profits contribute the most, whereas small developers have greater opportunities to grow their businesses. We need to capacity-build as well as to see a strong social return. The problem is that when addressing housing need, the Government start with numbers, not numbers combined with tenure. Their starting point is therefore market value housing, which house seekers simply cannot afford. In my city of York, we are seeing those homes turning into second homes and Airbnbs, stripping out the opportunity for people to have a home they can call their own. We need to ensure that this Bill also addresses the scourge of Airbnbs, which are shooting up everywhere.
If the starting point is first to build social housing to meet needs and ensure that house seekers get the homes that they need, this Bill will do its job. At the moment, it needs further revision, and I trust the Minister will listen to that.
3.45 pm