Economic Update

Part of the debate – in the House of Commons at 1:03 pm on 8th July 2020.

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Photo of Clive Efford Clive Efford Labour, Eltham 1:03 pm, 8th July 2020

A nine-month cut to stamp duty is welcome, but without an injection of new houses it risks forcing up prices, making it harder, not easier, for first-time buyers to buy homes. This statement should have been taken as an opportunity to inject capital into the housing market, and also into social housing, building houses that people can afford to live in, and creating opportunities for new jobs, new apprenticeships and new skills that people can use in the future, so will the Chancellor go away and have a look at putting some money particularly into building social housing?