Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Robert Jenrick Excerpts
Tuesday 28th February 2017

(7 years, 3 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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I do not recognise the numbers the hon. Lady has given the House, but I will look at them and write to her accordingly.

Robert Jenrick Portrait Robert Jenrick (Newark) (Con)
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Estate agents report that the number of transactions of so-called “prime properties” in London and elsewhere fell by 50% last year and that at the beginning of this year the situation is even worse than it was the year before. If it were proven that tax revenues had fallen as a result of policy, would the Chancellor be willing to review and change it?

Jane Ellison Portrait Jane Ellison
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As we have mentioned, it is not really clear that there is a consensus on what the data are saying. However, as with all taxes, we keep this one constantly under review.