Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the Lifetime ISA withdrawal limit for home purchases in London in the context of average house prices in London in 2024.

Answered by Tulip Siddiq - Economic Secretary (HM Treasury)

The Lifetime ISA (LISA) property price cap supports most first-time buyers across the UK while targeting households that might find it most difficult to get on the property ladder. Data from the latest UK House Price Index 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.

Any unauthorised withdrawals are subject to a 25% withdrawal charge. This recoups the Government bonus, any interest or growth arising from it, and a proportion of the individual’s initial savings.

The Government keeps all aspects of savings tax policy under review.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will review the Lifetime ISA withdrawal limit to support first time buyers in London.

Answered by Tulip Siddiq - Economic Secretary (HM Treasury)

The Lifetime ISA (LISA) property price cap supports most first-time buyers across the UK while targeting households that might find it most difficult to get on the property ladder. Data from the latest UK House Price Index 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.

Any unauthorised withdrawals are subject to a 25% withdrawal charge. This recoups the Government bonus, any interest or growth arising from it, and a proportion of the individual’s initial savings.

The Government keeps all aspects of savings tax policy under review.

Found: Westminster London SW1P 3BT tel: 0370 000 2288 www.education.gov.uk/contactus/dfe Helen

Found: Yours sincerely, The Rt Hon Bridget Phillipson MP Secretary of State for Education Helen

Found: Withdrawn after debate _NC8 Helen Hayes Mr Jonathan Brash Dr Simon Opher Rachael Maskell Ms

Found: instead of letting in the private rented sector. 11 COMMITTEE STAGE Tuesday 5 November 2024 _NC8 Helen

Found: instead of letting in the private rented sector. 11 COMMITTEE STAGE Monday 4 November 2024 _NC8 Helen

Found: COMMITTEE STAGE Friday 1 November 2024 12 _NC8 Helen Hayes Mr Jonathan Brash Dr Simon Opher

Found: instead of letting in the private rented sector. 13 COMMITTEE STAGE Thursday 31 October 2024 _NC8 Helen

Found: of letting in the private rented sector. 13 COMMITTEE STAGE Wednesday 30 October 2024 _NC8 Helen

Found: _NC8 Helen Hayes Mr Jonathan Brash Dr Simon Opher Rachael Maskell Ms Stella Creasy Paula Barker

The purpose of this short inquiry is to hear from representatives of those affected by the Department's review of post-16 qualification reforms; to influence the Department's review before it concludes by the end of the year; to establish the full extent of the Department's plans for level 3 qualifications reform; and to provide clarity to schools, colleges, and students who face uncertainty about which courses will be available to them in the coming years.