The Secretary of State's description of Labour's policy is a perversion. Our policies on these matters were stated fully in Committee on the Landlord and Tenant Bill. Does the Secretary of State recall that in 1983 the Government estimated that the discounted price at which homes were sold was £9,000, so, on the figures that he has given, does he agree that about £7,500 billion in capital receipts has been generated from sales, which is enough to build about one third of a million homes to rent over the last eight years? Why, with all those extra resources, have the Government built 500,000 fewer homes to rent instead of a third of a million more? Does he not agree that the story of the last eight years with regard to housing is one of squandering the resources for providing homes to rent for the people?