Greg speaks in debate on temporary Stamp Duty relief

This week Greg spoke in the Second Reading debate on the Stamp Duty Land Tax (Temporary Relief) Bill. This Bill is part of the package of economic stimulus measures outlined by the Chancellor of the Exchequer last week to get our economy moving again.

Commenting Greg said: "I have always felt Stamp Duty is a particularly bad tax, acting as a brake on aspiration, making the dream of homeownership harder for many people. That is certainly the case at the moment, with a banking sector making it particularly difficult to borrow, with no 95% loan to value mortgages available for first time buyers and only three lenders even offering 90% products.

"Furthermore, when people are buying homes, that is good news for so many parts of the economy, from removal firms to trades like decorators, landscapers and kitchen fitters; as well as furniture manufacturers and retailers selling interiors and homewares.

"I fully support this temporary relief to Stamp Duty and hope many people are able to benefit from it. Furthermore, hope it can become a more permanent tax cut going forward."