Stamp Duty Land Tax

Jonathan Hinder Excerpts

Tuesday 28th October 2025 Commons Chamber

[Jonathan Hinder (Pendle and Clitheroe) (Lab)]

Let us get straight to the point: what we are discussing today is a Tory plan for tax cuts for the better off, with no plan to pay for it. That is what the Tories have chosen to spend their Opposition day on.

My constituents are frustrated by the stark regional inequality in our country that means that London and the south-east are, economically speaking, another country all together. They lament the lack of public investment in transport, infrastructure and skills that this Labour Government are seeking to put right, so it is staggering that the Tories have chosen to propose tax cuts for people buying expensive homes in London and the south-east, further entrenching that regional inequality.

In the north-west, the average house price is about £200,000; in London, it is over £550,000. That means that 95% of first-time buyers in the north-west of England do not pay stamp duty, whereas 80% of them in London do. These are, let us be clear, the priorities of the same old Conservative party we have always known: the protection of wealth in the south-east above the concerns of constituents such as mine. Where would their supposed spending cuts fall? The motion does not tell us, so we can only assume that they would fall on public services in areas such as Pendle and Clitheroe.

The funny thing is that I am a strong advocate for serious property tax reform, but the Tories are not proposing to address the most unfair, regressive tax in Britain, which is council tax. Our council tax system punishes working-class people in the north precisely because they live in a poorer area. Can you believe, Madam Deputy Speaker, that someone living in a £1 million London townhouse will pay £1,000 less per year in council tax than a constituent of mine living in a house worth £250,000? It bears repeating—£1,000 less for someone who lives in a £1 million London townhouse than for someone who lives in a £250,000 house. That is outrageous, and if the Conservatives were still a serious party, perhaps they would focus on council tax, which is so emblematic of the regional inequalities I have just mentioned. Those inequalities have condemned once-prosperous regions of the country to steady economic decline.

The Conservatives will not do so, though, because they quite literally no longer represent regions such as mine. Looking across the Chamber, I cannot see a north-west Conservative MP, but that is not surprising, because there are now only three—they are a rare species, just as Conservative MPs are in many other regions outside the south-east. The Conservatives’ answer remains the same as it has always been: that growth in the south-east will lift up constituencies such as mine. “Make those with wealth wealthier and everyone else will benefit”, they say, but that economic thinking has failed time and again.

[Graham Stuart]

Will the hon. Gentleman give way?

[Jonathan Hinder]

I am going to finish.

Property taxes in this country do need radical reform—on that, I hope I can find allies on all sides of this House. We need a more proportional property tax, but the Tories’ hare-brained idea to scrap stamp duty—a big tax cut for the better-off in the south-east—with no plan to pay for it, while leaving the regressive council tax untouched, is just not serious.