Stamp Duty Land Tax

Debate between Antonia Bance and Desmond Swayne

Tuesday 28th October 2025 Commons Chamber

[Antonia Bance]

To be clear, the point that I am making is about the unspecified cuts referenced in the motion. I am talking about the implications from the last time the Conservatives made cuts of that magnitude. While it may be the case that getting rid of stamp duty would save some money for people in my constituency, where there is an average house price of £190,000, it would by no means have the impact that it would for people in richer constituencies in other parts of the country. The cuts that the Conservatives intend to make to pay for it would, however, hit people in my ends.

Despite all the pain of those years of austerity, it failed to reduce public debt in any meaningful way. That is why our public services were on their knees and we face a mountain of debt that has built up over 14 long years.

Now compare that to our Labour Government, who are steadily and slowly delivering the change that this country needs. We are creating 5 million extra NHS appointments, and the number of people in my area waiting more than a year for the operation that they need is down 45%. Thanks to the investment from our Heath Secretary, crack teams are going into Dudley, Wolverhampton and Sandwell NHS trusts.

We secured three major trade deals in the first 10 months of our Government, and wages went up by more than they did in the first 10 years of the Conservative Government. We are putting in pride in place funding for communities that are hit the hardest, such as Friar Park in my constituency, and £39 billion of affordable housing funding is going to fund new social and affordable homes—the largest amount in a generation. I hope that 600 of those will be in my constituency.

[Sir Desmond Swayne (New Forest West) (Con)]

The hon. Lady referred to the trade deals—so many more than were achieved under the Conservative Government, she says—but the reality is that those trade deals could not have been made had we not had the Brexit deal that we achieved when in government. What is more, the Labour party opposed that deal. We could not do those trade deals before 2016.

[Antonia Bance]

One of the key achievements in the first 15 months of this Labour Government has been that we are starting to fix some of the mess from the dreadful agreement that the Conservatives made with the European Union, which undermined this country. We are filling some of the holes, and making it easier to do trade with the European Union and sell brilliant British products abroad. I would have thought that would be something that the Conservatives would welcome.

In summation, we choose national renewal—a Britain built for everyone. We choose a fair economy that rewards working people, invests in our public services, restores dignity to work and rebuilds this brilliant country for every single one of our kids.