Oral Answers to Questions

Debate between Tom Rutland and Lucy Rigby

Tuesday 28th April 2026 Commons Chamber

[The Economic Secretary to the Treasury (Lucy Rigby)]

The Government are committed to making the aspiration of home ownership a reality for as many people as possible, and we recognise that the LISA is not working for everyone. That is exactly why we have launched a short consultation on the implementation of a new ISA product that will support more first-time buyers. That new product will include the Government bonus being paid at the point the individual makes a withdrawal for a home purchase, therefore removing the need for a withdrawal charge.

[Tom Rutland (East Worthing and Shoreham) (Lab)]

T8. The Chancellor will have seen the news this morning that BP’s profits have more than doubled, undoubtedly driven by the conflict in the middle east. Does she agree that this shows the value of having a windfall tax at this point in time?