Tim Loughton
Main Page: Tim Loughton (Conservative - East Worthing and Shoreham)Department Debates - View all Tim Loughton's debates with the HM Treasury
(10 years, 4 months ago)
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Andrea Leadsom
The hon. Gentleman is right that house builders should be seizing the opportunity to make homes as energy-efficient as possible. That does not, however, detract from the very important point that the Help to Buy scheme was started to try to regenerate growth in the housing market, and that is an achievement that all Members should be proud of.
Tim Loughton (East Worthing and Shoreham) (Con)
Stamp duty on homes is a major money-spinner for the Treasury, yet it is paid disproportionately by hard-working families in the south-east of England who have to pay at least twice as much for a family home and therefore twice as much stamp duty as they might for a home in the shadow Chancellor’s constituency, for example. Is it not time to consider regional stamp duty rates so as to be fairer to hard-working families?
Andrea Leadsom
I accept my hon. Friend’s suggestion as a lobby to my hon. Friend the Exchequer Secretary, to whom I shall chat in due course, no doubt, in the Members’ Tea Room.