Ms Colette Bennett:

I will start this but I think Dr. McDonnell may come in then. Yes, this recommendation really revolves around things like the help-to-buy scheme. The recommendation was for it to be terminated at the end of this year. That was the proposal. In fact, it should have been terminated a couple of years ago but it has been extended for another two years. That recommendation was on the basis of a lot of research that many organisations have been involved in, including the Parliamentary Budget Office around its impact. We see it creating a situation where it goes towards properties at the mid- to higher-end of the price scale so that it is artificially maintaining those prices. Because it is going to properties in that kind of bracket, it is being used by people in the higher earner brackets so it is highly regressive. It is the same kind of thing with the affordable home equity scheme. Because it is artificially increasing the amount that people can pay for properties and not the affordablity, it is over-stimulating the market. We have been here before and seen the impact. What it results in, when there is a crash or when there are income shocks, is negative equity and over-crowding. That is why we need to move away from that and into things that are more progressive and consistent, such as a site value tax.