Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what estimate she has made of the proportion of revenue spent which has been generated by the Residential Property Developer Tax.

The Residential Property Developer Tax has raised £157 million in 2022-23 and £103 million in 2023-24. Revenue raised from the tax goes into the UK Consolidated Fund, which contributes to the government’s ambitious Building Safety Package aiming to bring an end to unsafe cladding, provide reassurance to homeowners and support confidence in the housing market. Spend on interventions in 22/23 alone was £713 million [22/23 trust statement] with the accelerated pace of remediation being a key government priority.