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Housing: Government Assistance

Question for Treasury

UIN 171698, tabled on 7 September 2018

To ask the Chancellor of the Exchequer, what fiscal steps he is taking to help people move on from their first property and move up the housing ladder.

Answered on

17 September 2018

At Autumn Statement 2014, the Government reformed SDLT on residential properties, cutting the tax for 98% of people who pay it, unless they are purchasing additional property. These changes benefit those moving up the housing ladder

Since 2010, the Government has delivered 1.1 million additional homes in England, including over 375,000 affordable homes.

At Autumn Budget 2017, the Government announced that it will invest an additional £15.3 billion in housing over the next five years, bringing the total financial support over this period to at least £44 billion.

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