§ Sir Patrick Wallasked the Chancellor of the Exchequer if he will now consider reducing the amount of stamp duty on home purchase.
Mr. Wakeman:A revised scale reducing the stamp duty payable on home purchase was introduced by this year's Finance Act. The new scale is expected to benefit approximately 500,000 purchasers of residential properly during the current financial year, that about 75 per cent. of those who would have paid duty under the old scale.