Part of the debate – in the Senedd at 4:26 pm on 27 June 2018.
Can I firstly thank all those who spoke in the debate and the inevitable list that we all have of horror stories of the existing system? Can I also very much thank the Cabinet Secretary for the commitment he's made, which I think has moved further on to at least beginning to look at the reality of a possible piece of legislation? Much of what the Cabinet Secretary said I very much agree with, but it is dealing with the issue of the Law Commission and all the retrospective issues. The point about this particular recommendation in respect of legislation is that it is saying that we can actually send not only a clear principled message out, we can clear the decks, we can use the powers that we have for a very simple piece of legislation, which is very focused, that basically says, 'Enough is enough—there will be no more leasehold in respect of new-house ownership.'
The reason why we should use that power is because—I'll be blunt about it—the commitments we have from the house building organisations are, to be honest, not really worth the paper they're written on. In four or five years' time, if the needs of the profitability of those companies can be increased by having leasehold tenure, then that's what will happen. These are companies. We live in a capitalist society, unfortunately. We live in a capitalist society and the purpose of these companies is to maximise profits. So, we need to ensure that these issues—whether they be land backing, accumulation of land, advanced planning, which these companies do, over 10, 20, 30 years ahead—we are expunging, we are removing the possibility of further leaseholds coming back to haunt us in the future. It gives us complete principled clarity and it is an example of where we can use our powers for the benefit of our people for future generations. Isn't that what the future generations Act was about? It's about taking action, it's about doing things that actually protect future generations. And a simple, short piece of legislation like this would make a significant contribution to establishing that principle and that clarity and would show that this Assembly has powers and uses its powers for the benefit of the people of Wales.