Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make her policy to raise the cap for Lifetime ISAs in line with house price inflation.

The Government remains of the view that the Lifetime ISA property price cap is set at an appropriate level to support most first-time buyers across the UK while targeting households that may find it most difficult to get onto the property ladder.

Data from the latest UK House Price Index demonstrates that the average price paid by first-time buyers remains below the LISA property price cap in all regions of the UK.

The Government keeps all aspects of savings tax policy under review and considers all representations made carefully, with any changes made as part of the Budget process.