Offshore Receipts in Respect of Intangible Property

Part of Finance (No. 3) Bill – in the House of Commons at 6:45 pm on 20th November 2018.

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Photo of James Cartlidge James Cartlidge Conservative, South Suffolk 6:45 pm, 20th November 2018

My hon. Friend makes a good point, and there are stats to prove this. In March, King’s College London published statistics estimating that foreign investment into the UK housing market had driven up prices in London by 20% over the last five years. That is a huge impact.