Stamp Duty Land Tax

Debate between Saqib Bhatti and Kit Malthouse

Tuesday 28th October 2025 Commons Chamber

[Saqib Bhatti]

First of all, it would increase mobility in the housing market. As my right hon. Friend the Member for North West Hampshire (Kit Malthouse) stated in an incredibly eloquent speech, it would also mean that the construction industry and all the peripheral jobs would start to mobilise. It would create economic growth—I suspect that the figure of £1.2 billion is probably a bit of an underestimate, and that abolishing stamp duty would actually create more growth. We are talking about creating jobs, making people wealthier and being aspirational for the aspirational, whereas Labour Members are talking down a credible policy that would put money on the table for some of our poorest people. Ultimately, abolishing stamp duty would mean that more and more people are able to get on to the housing ladder.

Let us face it: the Government are not going to meet their housing targets. It is already quite obvious that they are massively behind, and it will not be possible to meet their targets. They are killing off aspiration and confidence in the economy, and house builders will not want to meet the targets—unless, of course, they are met with huge subsidies. The question I have for those on the Government Benches is this: given the current economic situation, how much representation have they made to their Chancellor about introducing growth principles and cutting taxes so that people have more money in their pockets? The answer will be none, because that is not happening.

The hon. Member for Loughborough (Dr Sandher) said that he was not making an argument for not cutting welfare, but he did not put a figure on the table. We know that the welfare bill is ballooning, and it started ballooning post covid. We intervened during the pandemic, which had to happen. We saved a £2 trillion economy, we saved businesses and we saved jobs. We did all those things—sometimes with the support of those on the Opposition Benches and sometimes without, I am sad to say—to save the economy. Of course, all of that comes with a cost. It is now right that we look forward to make sure that we are putting proposals on the table that help grow the economy and, by the way, help the Chancellor to get out of this mess. I want her to do better, because right now I have constituents who are struggling, who are anxious and who are worried. Her policies, backed by those on the Labour Back Benches, have contributed to higher inflation and a higher cost of living. These are all consequences that they backed by walking through the voting Lobbies.

There is a Budget coming. Although Labour Back Benchers may be talking in silos, the Government are already briefing the papers about all the taxes that will rise. They talk about “serious Government”, but they are not talking seriously about the cuts that they will have to put on the table, because the Chancellor knows that the moment she does that, it will be her Back Benchers who stab her in the back. That is her fundamental conundrum, because she also has to placate the bond market, where we have highest bond yields. I see Labour Members shaking their heads, but that is the reality of what Back Benchers are dealing with. We are putting good proposals on the table that would mean that young families who want to get on the housing ladder—[Interruption.] I am happy for the hon. Member for Hitchin (Alistair Strathern) to intervene if he wants. No? I was offering him an opportunity, because I was getting distracted by his chuntering.

The reality is that most serious economists, such as Dan Neidle and those at the Institute for Fiscal Studies, have said that stamp duty is a bad tax. In fact, the hon. Member for Swansea West (Torsten Bell), who I hear has been instrumental in writing the Budget, has talked about stamp duty being a “bad tax”. We all agree on that, so we have put a funded policy on the table that the Chancellor is going to need. Surely this is something that we should all take seriously, because the Government will need answers. I suspect we will come back to that.

A lot has been made of the Chancellor’s fiscal rules. The Chief Secretary to Treasury said that they are “ironclad”, and I suspect they are until the next ones. We have a golden rule. In the spirit of rules, the Leader of the Opposition has created a golden rule, which is that for every £1 saved, half will go to cutting our national debt. Surely we can all get behind that. When the interest on our debt is something like £100 billion a year, surely we can get behind that. When the Chancellor is borrowing more month after month to meet everyday spending, as is obviously happening, we should get behind that rule.

The last point I want to make is about the cliff-edge argument. As my right hon. Friend the Member for North West Hampshire mentioned, we had the window during covid. I was one of those on the receiving end of not being able to buy a house at that time. I was looking for a house for my new family, and houses were going quickly because people were trying to beat the cliff edge at the end of the stamp duty window. This proposal is not the same, because this gets rid of such a window, and it means that more and more people will be able to buy houses.

[Kit Malthouse]

I am perplexed by the argument the Liberal Democrats have advanced that abolishing stamp duty will raise prices. Presumably the quid pro quo is that raising it would lower prices, so why are they not proposing that policy?

[Saqib Bhatti]

My right hon. Friend makes a good point, and I am sure the Liberal Democrat spokesperson will address it, but that speaks to the economic incoherence of what they have presented.

Fundamentally, we believe in property rights. We believe in the ownership of property and the rights that derive from it, which are among the freedoms—the fundamental freedoms—in this country. It was a moment of great pride when I got the keys to my first house, and I am sure it is the same for others. Cutting stamp duty is the right thing to do, and if we win the next election, that is exactly what we will do.

Oral Answers to Questions

Debate between Saqib Bhatti and Kit Malthouse

Monday 17th January 2022 Commons Chamber

[Saqib Bhatti (Meriden) (Con)]

23. What steps her Department is taking to ensure that the police are adequately funded to enable them to reduce crime.

[The Minister for Crime and Policing (Kit Malthouse)]

The Government are proposing a total police funding settlement approaching £17,000 million in 2022-23, an increase of up to £1,100 million compared with this year. Assuming full take-up of precept flexibility, overall police funding available to police and crime commissioners will increase by a whopping £796 million next year.

--- Later in debate ---

[Kit Malthouse]

I know this is a matter of concern to the whole House, which I know is to be addressed by the Home Secretary shortly. As I hope my hon. Friend knows, police capacity—that relates specifically to the question—has been increased not just in territorial policing but in other arms of policing, recognising as we do that, while it is important to fight crime on the ground in all our constituencies, it is also important to fight it there as well.

[Saqib Bhatti]

I am pleased that the Government are well on their way to delivering on their pledge to deliver 20,000 police officers, 867 of whom are in the west midlands, but does my right hon. Friend agree that the decision by the Labour police and crime commissioner to close Solihull police station goes a long way to undermining safety and security for my constituents in the north and the south of my constituency?

[Kit Malthouse]

My hon. Friend will know that there was a passionate Adjournment debate just the other night to discuss issues in west midlands policing. As I said during that debate, it is strange that at a time of unprecedented expansion in UK policing, the impression is being given, in his constituency and elsewhere, of a retreat. I was in the west midlands on Thursday and I know that the chief constable and others are working hard to get on top, but I would hope that in the light of the expansion of policing in my hon. Friend’s part of the world, their property strategy would be reviewed again.

Birmingham Attacks and Extinction Rebellion Protests

Debate between Saqib Bhatti and Kit Malthouse

Monday 7th September 2020 Commons Chamber

[Kit Malthouse]

I did come prepared to answer questions on Dover, and I am quite happy to do so if the hon. Gentleman wishes. Thankfully, that protest went off very quietly and there were not a huge number of protesters. Sadly, two police officers were injured or assaulted by protesters at the time, but it was dealt with very efficiently by Kent police. If the hon. Gentleman thinks there is a market for his views, he is perfectly free to start a newspaper, but I doubt he will sell many copies.

[Saqib Bhatti (Meriden) (Con)]

On behalf of the residents and constituents of Meriden, I would like to associate myself with the comments made in the House, and I pay tribute to the emergency services and the victims of the attack. Over the weekend, many of us refrained from commenting because, quite simply, the facts had not been established. We did not know the motive of the attacks, nor did we know who had committed them. However, the police and crime commissioner of the West Midlands said in a press conference that these types of attacks were “inevitable” given covid-19 and people losing jobs, which was quite frankly shocking and, in my view, tantamount to a surrender. Does the Minister agree that the PCC should rescind those comments and apologise, and does he agree that these attacks are not inevitable and that, as elected officials, we all have a responsibility to do everything we can to stop these attacks, including backing our police officers and keeping our police stations open?

[Kit Malthouse]

As I said earlier, I simply do not understand the comments of the police and crime commissioner. I had a call with him this morning, as hon. Members would expect, and these matters were not discussed. I have to say, however, that there is nothing inevitable about crime. A key plank of the approach of all Governments to crime has to be prevention. If we think smartly, work smartly and look at the complex causes of crime, we can and will prevent it in the future.