Ms Nusrat Ghani

With this it will be convenient to consider: Clauses 51 to 53 stand part. New clause 6—Sections 50 and 51: impact on private rental sector— “(1) The Chancellor of the Exchequer must, within six months of this Act being passed, publish an assessment of the impact of the changes introduced by sections 50 and 51 of this Act on the private rental sector in England and Northern Ireland. (2) The assessment in subsection (1) must consider— (a) the effects of the provisions of sections 50 and 51 of this Act on the cost of private rent in each region within England and in Northern Ireland, (b) the effects of the provisions of sections 50 and 51 of this Act on the supply of private rental properties in each region within England and Northern Ireland, (c) any other implications of the changes introduced by sections 50 and 51 of this Act.” This new clause requires the Chancellor to review the impact increased rates of stamp duty for additional dwellings are having on the private rental sector in England and Northern Ireland. New clause 7—Review of effects of sections 50 and 51 on housing market— “(1) The Chancellor of the Exchequer must, within six months of this Act being passed, publish an assessment of the impact of the changes introduced by sections 50 and 51 of this Act, on the housing market in England and Northern Ireland. (2) The assessment in subsection (1) must consider— (a) the effects of the provisions of sections 50 and 51 of this Act on the demand for houses in each region within England and Northern Ireland, and (b) the implications for the housing market of the provisions of sections 50 and 51 of this Act.” This new clause requires the Chancellor to review the impact increased rates of stamp duty for additional dwellings are having on the housing market in England and Northern Ireland.