Speeches by Blake.

“That is exactly my question.”

“I congratulate the Government on announcing the greatest level of financial sanctions last week. Does the Chancellor agree that keeping dirty money out of the City of London and homes and communities across our country is vital for our national security, as well as our economic stability?”

“There will be people in my constituency who are not able to buy their first home within, it is important to say, communities that are just minutes away from here. How could you make the case for value for money with such a significant median house price?”

“You are all united in thinking that the price cap has to go up. Ms Harrison, you talked about the barrier in London, in particular, to people being able to purchase a home. There is also the value-for-money argument for the Government, in terms of thinking about the scale of investment that they should make in particul…”

“How are you measuring significance? It is a lot of people but 6% is not that large a share of the market.”

“On one side of the panel, there is real support for the product. Our estimate is that this is only about 6% of all ISAs. I am interested that you have such a strong conviction about its success rates and performance if it is such a small proportion. We estimate that about 13% of overall ISAs are, I would argue, failing…”

“Outside London and the south-east.”

“There are alternative uses of what you present as comparatively tiny. That is the function that we are trying to drill into.”

“You would be proposing to double the cap.”

“My view is that there is an overall value for money for the taxpayer on the overall price cap. My view is that there are trade-offs to be made around where you would allocate public subsidy into this form of incentivising home ownership.”

“The median house price in my constituency is £1 million.”

“Are there other categories that might help, for example bedroom numbers, that could be equivalent caps to use for the fund?”

“Ms Olufunwa, we are thinking about the price cap and the impact that that is having. For great swathes of London and the south‑east, this product is essentially irrelevant. You have talked about wanting to increase the property cap. What impact would that have on opportunities for people who want to buy their fi…”

“The Government are spending £500 million on this. Is this the best thing that they could do? There are other things that the Government can do with that money. I am interested in whether it is the right thing that they should be doing.”

“Mr Lewis, you said that this product had been successful for first-time buyers. Has it been any more or less successful than any other comparable products?”

“You are all united in thinking that the price cap has to go up. Ms Harrison, you talked about the barrier in London, in particular, to people being able to purchase a home. There is also the value-for-money argument for the Government, in terms of thinking about the scale of investment that they should make in particul…”

“How are you measuring significance? It is a lot of people but 6% is not that large a share of the market.”

“On one side of the panel, there is real support for the product. Our estimate is that this is only about 6% of all ISAs. I am interested that you have such a strong conviction about its success rates and performance if it is such a small proportion. We estimate that about 13% of overall ISAs are, I would argue, failing…”

“Outside London and the south-east.”

“There are alternative uses of what you present as comparatively tiny. That is the function that we are trying to drill into.”