§ Now I come to an old love of mine—the owner-occupier. There is no better stimulus to saving than house ownership, and I believe that many more people will commit themselves to it if the initial costs are reduced. I therefore propose to reduce the rate of Stamp Duty on house purchase. The present rates are 10s. per £100 up to £500 with a sliding scale up to £3,450, when the rate becomes £2 per £100. The new rates will be 10s. per £100 up to £3,500 with a sliding scale up to £5,000. Above £5,000 the full rate of 2 per cent. will apply. This relief will cost £4 million this year and £61¼ million in a full year; but it will help savings.