Saqib Bhatti

It is very interesting to follow the hon. Member for Welwyn Hatfield (Andrew Lewin), because I mentioned him in an earlier intervention. He knows that I fundamentally disagree with him. Abolishing stamp duty would be a tax cut for everybody, irrespective of the value of their houses. Fundamentally, we know that the housing market is gummed up, and I have serious questions about whether the Labour Government will be able to meet their housing targets. I am not sure what the housing numbers are currently—maybe he will be able to enlighten me—but this is fundamentally a tax cut that would apply to everybody. As my right hon. Friend the Member for Beverley and Holderness (Graham Stuart) said earlier, the speeches from Labour Members have been very interesting, but they are slightly siloed. They slightly miss out the context of what we are talking about: the economy is stalling, and the jobs tax means that unemployment has gone up. More hard-working people are now unemployed, and more young people are now out of work, as a result of this Labour Government. They can talk down this motion—as I am sure they will, because the Whips have told them to do so—but the reality is that we are putting something on the table that is credible and funded, that will un-gum the housing market, and that will contribute £1.2 billion-worth of economic growth. At a time when the Chancellor is scrambling to fill her own black hole, we are putting credible ideas on the table that the Government should take more seriously.