§ 49. Brigadier R. Medlicott
asked the Chancellor of the Exchequer if he is aware that the rate of 2 per cent. stamp duty on the transfer of property bears heavily on people purchasing houses; and if he will take steps to reduce the duty to the former rate of 1 per cent.
§ Brigadier Medlicott
Is the Chancellor aware that there is a feeling that this increase was imposed because the party opposite has no great affection for property owners, and that that alone provides a good deal of reason why the rate should be brought back to its proper level of 1 per cent. as soon as possible?
§ Mr. John Hay
Will my right hon. Friend bear in mind that on 3rd July, 1950, he and a great many of my hon. Friends now on this side of the House went into the Division Lobby in support of the proposal in my hon. and gallant Friend's Question?