My Lords, I was not intending to get involved in this debate but the noble Lord, Lord Kennedy, spotted me slinking out. Having been singled out, I will respond briefly. Unfortunately my notes have been whisked away, but my point was that there is a certain set of assets—council and social homes—and we all think the number of them should be increased. But we have to think about the distribution of those assets to the most needy households. That is a reasonable principle on which to found a welfare state. If a tenant is about to leave after a short tenancy they are, by definition, in less need than somebody who is on a waiting list.
Secondly, I checked the question asked by the noble Lord, Lord Kennedy, and the response to it stated:
“Local authorities do not receive subsidy from the Exchequer”.
That is a very important distinction. The new houses are being funded not by a grant from the Exchequer but by revenue from other council and social homes, coming via local authorities. I consider this to be public money. So again it is a question about the distribution of public money and how the asset that has been created is used for the benefit of the neediest.