Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to reform (a) Lifetime ISAs and (b) Stamp Duty Land Tax to support first time buyers in London.

SDLT continues to be an important source of government revenue, raising around £12 billion each year to help pay for the essential services the government provides. Any changes to SDLT would therefore have to be carefully considered given the potential effect on public finances.

The Government is committed to helping first-time buyers own their own home. The Lifetime ISA remains focused on supporting people to achieve the aspiration of home ownership, or to build up savings for later life.

The Government keeps all taxes under review as part of the usual tax policy making process.