Asked by: Ashley Dalton (Labour - West Lancashire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of adjusting the Lifetime ISA property price cap in line with (a) inflation and (b) average house prices.
Answered by Tulip Siddiq - Economic Secretary (HM Treasury)
Data from the latest UK House Price Index(opens in a new tab) shows that while the average price paid by first-time buyers has increased, it is still below the LISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.
The Government keeps all aspects of savings tax policy under review.
Asked by: Ashley Dalton (Labour - West Lancashire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential risk to the UK financial services industry of the Financial Conduct Authority investigation into the LF Woodford Equity Income Fund.
Answered by Bim Afolami
The FCA has been investigating the events leading to the suspension of the Woodford Equity Income Fund, as the independent regulator responsible for the supervision and regulation of conduct in financial services. While the Treasury continues to follow this case closely, it is the responsibility of the FCA to investigate and decide upon the appropriate course of action.