The Labour EU referendum rebels: the full list

The six Labour MPs who voted in favour of Tory MP James Wharton's EU referendum bill.

Not one MP dared to vote against Tory MP James Wharton's EU referendum bill at its second reading today, with 304 voting in favour. But while most Labour MPs followed their leader's advice to abstain, there were six who backed the bill in an unusual alliance of the party's old left and old right. They were:

Roger Godsiff

Kate Hoey

Kelvin Hopkins

Dennis Skinner

Graham Stringer 

Gisela Stuart

This is notably fewer than the number (15) who support the Labour for a Referendum campaign, with many put off by what they see as the excessive partisanship of the Tories. 

Having avoided voting against a referendum, the key question now for Miliband is whether he will either table or support an amendment calling for a pre-2015 vote. An increasing number of Labour MPs are of the view that the party should use this device to split the Tories (Cameron has promised a vote in 2017 following a renegotiation) and to avoid the charge that it is denying the people a say. In a significant intervention yesterday, shadow work and pensions minister Ian Austin broke ranks to call for a referendum at the same time as next year's European elections. Whether or not Miliband has the chutzpah to adopt this strategy, it is significant that he has not ruled it out. 

Dennis Skinner in full flow.

George Eaton is political editor of the New Statesman.

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I was wrong about Help to Buy - but I'm still glad it's gone

As a mortgage journalist in 2013, I was deeply sceptical of the guarantee scheme. 

If you just read the headlines about Help to Buy, you could be under the impression that Theresa May has just axed an important scheme for first-time buyers. If you're on the left, you might conclude that she is on a mission to make life worse for ordinary working people. If you just enjoy blue-on-blue action, it's a swipe at the Chancellor she sacked, George Osborne.

Except it's none of those things. Help to Buy mortgage guarantee scheme is a policy that actually worked pretty well - despite the concerns of financial journalists including me - and has served its purpose.

When Osborne first announced Help to Buy in 2013, it was controversial. Mortgage journalists, such as I was at the time, were still mopping up news from the financial crisis. We were still writing up reports about the toxic loan books that had brought the banks crashing down. The idea of the Government promising to bail out mortgage borrowers seemed the height of recklessness.

But the Government always intended Help to Buy mortgage guarantee to act as a stimulus, not a long-term solution. From the beginning, it had an end date - 31 December 2016. The idea was to encourage big banks to start lending again.

So far, the record of Help to Buy has been pretty good. A first-time buyer in 2013 with a 5 per cent deposit had 56 mortgage products to choose from - not much when you consider some of those products would have been ridiculously expensive or would come with many strings attached. By 2016, according to Moneyfacts, first-time buyers had 271 products to choose from, nearly a five-fold increase

Over the same period, financial regulators have introduced much tougher mortgage affordability rules. First-time buyers can be expected to be interrogated about their income, their little luxuries and how they would cope if interest rates rose (contrary to our expectations in 2013, the Bank of England base rate has actually fallen). 

A criticism that still rings true, however, is that the mortgage guarantee scheme only helps boost demand for properties, while doing nothing about the lack of housing supply. Unlike its sister scheme, the Help to Buy equity loan scheme, there is no incentive for property companies to build more homes. According to FullFact, there were just 112,000 homes being built in England and Wales in 2010. By 2015, that had increased, but only to a mere 149,000.

This lack of supply helps to prop up house prices - one of the factors making it so difficult to get on the housing ladder in the first place. In July, the average house price in England was £233,000. This means a first-time buyer with a 5 per cent deposit of £11,650 would still need to be earning nearly £50,000 to meet most mortgage affordability criteria. In other words, the Help to Buy mortgage guarantee is targeted squarely at the middle class.

The Government plans to maintain the Help to Buy equity loan scheme, which is restricted to new builds, and the Help to Buy ISA, which rewards savers at a time of low interest rates. As for Help to Buy mortgage guarantee, the scheme may be dead, but so long as high street banks are offering 95 per cent mortgages, its effects are still with us.