L

Lord Jamieson (Con)

Speaking in the House of Lords on 23 April 2026

Debate

Home Ownership: First-Time Buyers

Contribution

My Lords, stamp duty is a huge drag on those wishing to have their own home. In London, for the average first-time buyer, stamp duty is £15,000—a huge sum for those seeking to get a deposit. It also makes climbing the housing ladder extortionately expensive and prevents those wanting to downsize, thereby freeing up family homes, from being able to afford to do so. Does the Minister recognise that stamp duty is a bad tax, and it should be abolished so that people can afford to buy and to move?

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