Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when he plans to publish further details of the tax on the UK residential property development sector, announced on 10 February 2021.

The Secretary of State for the Ministry of Housing, Communities and Local Government made an oral statement to the House of Commons on building safety on 10 February 2021.

That statement announced plans to introduce a new tax for the UK residential property development sector in 2022, to ensure the largest developers make a fair contribution to cladding remediation costs.

The details of the policy design will be made public as soon as possible, and the Government will begin the consultation process in due course, to facilitate introduction for 2022.