Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
I have said that most of the properties are business properties and the hon. Gentleman will find that the figure of 5 per cent. of residential properties, certainly in the south-east, is out of date, given what has happened in the property market. Stamp duty is an easy target. The tax is easy to collect, but its implications go far beyond what the Chancellor led us to believe, and it is biased against the south-east of England in particular.