Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 18 March 1993.
Mr John Major
, Huntingdon
12:00,
18 March 1993
I am grateful to my hon. Friend. I think he will find that that welcome will extend across not just north-west Kent but the whole country. In a recent survey, 89 per cent. of people under 30 said that they wished to own their own homes. We shall again give more of them the opportunity to do so. Raising the stamp duty threshold will halve the number of houses on which stamp duty has to be paid. That, with low interest rates and the lowest mortgage rates for nearly 30 years, will dramatically increase the possibility for millions to become home owners.