Mark Pawsey MP spoke in the House of Commons Budget debate to welcome the Government’s work to support the housing market and reform the pensions system. Mark eased concerns over the support leading to another housing bubble by telling the House of Commons the current housing market, in which 8% of households are in negative equity, needs this help.
Speaking after the debate, Mark said:
‘This Budget has been welcomed by businesses, entrepreneurs and house builders across the country. It brings in practical measures that will help people in Rugby to get on the property ladder, or grow their business, and it gives pensioners more power over their own pension.’
Mark commented:
‘It is important to say that these measures will not provoke a housing bubble. The housing market has been left to decline for far too many years, and this Government is sorting it out. The policies it has brought in will allow businesses to build more homes, and allow many more people onto the housing ladder.’
Mark concluded:
‘Already in Rugby, 150 Help to Buy equity loans are in process, to help local people buy homes, put down roots, and invest in the community. The steps this Government is taking will help Rugby to grow for many years, with business supported, housing more affordable, and pensioners given more freedom.’