Stamp Duty Land Tax

Debate between Andrew Snowden and Peter Bedford

Tuesday 28th October 2025 Commons Chamber

[Mr Bedford]

I will give the hon. Member an example of Conservative aspiration. My family never owned their own homes—my grandparents did not own their own home—but Margaret Thatcher gave them the opportunity to do so. She gave many people like my grandparents the opportunity to aspire, to achieve and to own their own homes. That is the aspiration we need to get back to as a country. Every generation of Conservatives has understood this ambition. It is not our background that shapes our future. This is equality of opportunity in action, not the equality of outcome that the Labour party desire so much.

We cannot talk about aspiration without celebrating the Prime Minister who understood it best. Mrs Thatcher gave people the freedom to own their own future. She rewarded hard work through lower taxes, turned millions of people into shareholders through privatisation and made dreams of home ownership a reality for many across the country with her right-to-buy scheme. Mrs Thatcher just got it; she understood human nature. She understood that people are ambitious and she knew that when we trust individuals and not the state, Britain succeeds.

[Mr Snowden]

Going back to what a former fantastic, great Prime Minister did—and comparing it with the policy on stamp duty—we know that it was hated by Labour Members, because it took away the choking role of the state and freed people up to have that aspiration and that social mobility. It proved that allowing people to buy their own homes and removing the state from their lives created social mobility in the same way that removing that tax and allowing people the aspiration to smash those ceilings is important. Labour Members hate it because it would reduce the size of the state, the dependency on the state and the hold that they have over people’s lives.

[Mr Bedford]

My hon. Friend is absolutely right. Unfortunately, Labour Members tend to have the mantra: what I cannot have, you shall not have. We on the Conservative Benches want everyone to succeed.