Andrew Griffith, the new city minister and former senior media executive, has been quizzed on BBC radio 4 by Justin Webb.
Griffith sidestepped the questions about the mortgage market turmoil sparked by last Friday's mini-budget, and said more than two-fifths of mortgage deals have been pulled from the market.
We understand the concerns of every household in this country and we understand the aspiration to buy your own home. There is a whole package of measures that we want to come forward with that is going to help the housing market, that s about building new homes. The Bank of England has done a good job in stabilising the market, but on 24 February the issue about the cost of energy went up to 11%, that is higher than inflation in the UK.
He has defended the decision not to publish the independent fiscal watchdog s assessment of its mini-budget alongside it, arguing that the detail of the 40-inch growth plan made it impossible for the OBR to carry out an independent assessment before the government published it.
It is important that we get the independent forecasts now. The job of the OBR and the chancellor was to do that for the 23 November and there are a lot of measures on how we are going to grow the economy and details have yet to come out.
They were being finalised in the hours before the chancellor stood up.