Earl of Effingham
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UK Economy: Capital Gains Tax
Earl of Effingham Excerpts(2 months, 3 weeks ago)
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Lord Livermore (Lab)
Obviously, I am happy to confirm that growth is our number one priority. That is exactly what the forthcoming Budget will be about: fixing the foundations of our economy so we can deliver on our mandate for better public services and higher living standards. Investment is absolutely crucial to that, which is why we are committed to removing the barriers to private investment and also to measures such as the industrial strategy that the noble Baroness mentions.
The Earl of Effingham (Con)
My Lords, it is critical that we help first-time home buyers for a multitude of reasons. Please can the Minister confirm that stamp duty for these buyers will remain at current levels?
Lord Livermore (Lab)
The noble Lord knows full well that I am not able to comment on speculation about any specific tax. What I will say is that we must rebuild our public finances, including by addressing the £22 billion black hole inherited from the previous Government.