Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

George Kerevan Excerpts
Tuesday 29th November 2016

(8 years ago)

Commons Chamber
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David Gauke Portrait Mr Gauke
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There has consistently been a gap. What is important is that there is certainty of supply. We need to ensure that we have the right planning system in place and the right fiscal support, and that is what the Government are determined to deliver.

George Kerevan Portrait George Kerevan (East Lothian) (SNP)
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In last week’s autumn statement, the Chancellor raised the tax on house insurance by 20%. How is that supposed to help first-time home buyers to get access to housing?

David Gauke Portrait Mr Gauke
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We were very clear that the 2% increase in insurance premium tax was a revenue-raiser that enabled us to introduce the measure on changing the taper for universal credit, which increases the incentives to work. We believe that was the right course of action, but if we look at the autumn statement, and indeed the announcement made at the Conservative party conference, what is very clear is that this Government are committed to ensuring that we build more homes, which is what the public rightly expect.