Wera: New Stamp Duty Relief Policy Only Helps Privileged Few

16 July 2020

On Monday I spoke in the debate about the Government's new stamp duty relief policy.

Covid-19 has highlighted the deep inequalities that existed long before this pandemic. Many people have been left desperate for support.

That includes the average earner,  including the young generation, struggling to pay ever-increasing rents.

While stamp duty relief may provide a tax holiday for a privileged few, it completely ignores the fact that a majority of people are now unable to buy a home of their own or are unlikely to do so in the future.

In Bath the availability of housing for first time buyers is limited and house prices are high.

The cut to stamp duty will not solve the real problems at the heart of the housing crisis.

Watch my full speech above.