Oral Question·Department for Work and Pensions
“If she will make a statement on her departmental responsibilities.”
Tabled: 10 December 2024Answered: 16 December 2024
Asked by
Mr Paul Kohler
Liberal Democrat — Wimbledon
Answering Minister
the Secretary of State for Work and Pensions
Answer from Hansard
The Minister for Housing and Planning (Matthew Pennycook)
The Government remain determined to revive the dream of home ownership. In the Budget, the Chancellor confirmed £4.7 billion for the Your First Home scheme, providing equity loans to help those who cannot rely on the bank of mum and dad to buy their first home. The Chancellor also announced a new first-time buyer ISA and reduced the lifetime ISA withdrawal charge to 20%.