Stamp Duty Land Tax

Debate between Saqib Bhatti and Mel Stride

Tuesday 28th October 2025 Commons Chamber

[Saqib Bhatti (Meriden and Solihull East) (Con)]

The hon. Member for Welwyn Hatfield (Andrew Lewin) talked about millionaires getting a tax cut, but we are talking about young families getting on the ladder. Does my right hon. Friend the shadow Chancellor agree that while Labour Members engage in the politics of envy, we will always engage in the politics of hope?

[Sir Mel Stride]

My hon. Friend is absolutely right. As Paul Johnson, formerly of the Institute for Fiscal Studies—I quoted him earlier—says, this tax

“also acts to reduce effective supply for everyone”

right across every age and every section of the income scale.

If only the Parliamentary Secretary to the Treasury, the hon. Member for Swansea West (Torsten Bell)—I see he is not in his place—who is a former director of the Resolution Foundation, could show some backbone and at least agree with his former self and the quote that I read out from the Resolution Foundation. The facts are clear: the Government should support this motion today if they believe in growth, a fairer society and a stronger economy.

As we approach the Budget, through a period of great uncertainty, the Chancellor faces a clear choice—a choice between still higher taxes, and controlling spending and getting taxes down; between continued anaemic growth and getting the size of the Government under control; between destroying jobs, and getting people off benefits and into work; and between doing the right thing for our country and simply ducking the challenge. The Opposition know what must be done, even at this late stage, to save our economy. Perhaps even the Chancellor herself knows, deep in her heart, that we are right. Yet is it not the truth that faced with the serried ranks of obstinate delusion arrayed behind her, she is just too weak to act? No plan, no backbone—no wonder that under this Government we are staring into the abyss.