Stamp Duty Land Tax (Temporary Relief) Bill

Sara Britcliffe Excerpts

2nd reading & 2nd reading: House of Commons
Monday 13th July 2020 Commons Chamber

[Sara Britcliffe (Hyndburn) (Con)]

The measures that the Government recently announced are an enormous leap forward to get our country up and running again. This pandemic is threatening so many jobs and livelihoods, even in my constituency of Hyndburn and Haslingden. The past few months have been necessary to save lives, but now we need to look to the future and how we can kick-start the economy.

The toils of buying a property are numerous and have been experienced by many. They include working with estate agents, solicitors, mortgage brokers, surveyors—the list goes on. This Government are making it easier and less expensive for buyers who might have been put off purchasing due to uncertainties in the market. Removing stamp duty will save people thousands of pounds—moneys that they can invest in their local economy, which this Government are pushing everybody to do.

According to The Guardian, which I admit is not my usual morning read, Accrington has been recorded by property website Zoopla as among those receiving the most property inquiries in the country since lockdown. People are, very understandably, looking to move to my constituency or relocate locally within Accrington. Either way, the scheme is good news, as many properties will become more affordable thanks to the temporary removal of stamp duty. I am dismayed that the shadow Minister expressed disapproval at our cut to stamp duty—a policy that will put more money in the pockets of hard-working families.

The Conservative party’s priority is clear: create and protect jobs, and support people in finding the ones that are out there. By kick-starting the housing market and boosting confidence, we will drive growth and create jobs. As the Prime Minister’s new deal confirms, a £12 billion affordable homes programme will support up to 180,000 new affordable homes for ownership and rent over the next five years. That builds on the 464,500 new affordable homes built since 2010 and opens up thousands of new jobs.

I am proud to have had the opportunity to speak in this debate, as this plan will give confidence to new buyers and those moving up the property ladder. I thank the Treasury on behalf of those in my constituency benefiting from this scheme. I also thank it for the tremendous work it has done during the pandemic to save jobs and livelihoods across Hyndburn and Haslingden, for which many are eternally grateful.