It's been announced that MPs will after all debate the Stamp Duty Holiday extension following a hugely popular online petition.
The 90-minute debate is to be on February 1 - that's next Monday. It will be at 4.30pm and Elliot Colburn MP, a member of the Petitions Committee, will lead the session.
Jesse Norman MP, Financial Secretary to the Treasury, will respond for the government.
The debate has been triggered by the online petition calling for a six month extension beyond March 31; there are around 126,000 signatures backing the call.
There had been fears that the debate was not going to take place following the decision by Leader of the House of Commons Jacob Rees Mogg to suspend the use of Westminster Hall for safety reasons during the latest phase of the pandemic - previously this was the venue for such debates.
You can see the petition for yourself here.
A second online petition - relating to artists being able to perform visa-free in the EU - will be held the following Monday, February 8.
Catherine McKinnell MP, Chair of the Commons Petitions Committee, says: “I’m delighted we have been able to schedule two e-petition sessions, where Members from across the House, including those self-isolating and shielding, will be able to scrutinise the Government directly on issues raised by petitioners.
“As was the case when Westminster Hall was closed due to Covid-19 last year, we have had to innovate to find ways to hold the Government to account, and crucially to voice the concerns of petitioners in the House of Commons, while our usual debates cannot be held.
“As these petitions demonstrate, there are important issues affecting hundreds of thousands of people that are being missed. Their calls for help and support must be heard.”
You can watch the Parliamentary debate on a possible Stamp Duty Holiday...
/HousesofParliament-3-400x310.jpg)
Today’s the day when Parliament debates a possible extension to the...
/Labour-logo400x310.png)
Labour has entered the cladding controversy by calling a vote in...
The Northern Research Group, which has the backing of over 50...
It’s tempting to think that Michael Gove’s proposed clampdown on Airbnb-style...
Councils across England could make an additional £540m a year in...
The vast majority of negligence claims against conveyancers are for relatively...
You don’t have to simply accept things as they are when...
From the uptick in house sales in January to a house price...
Happy birthday to us….and all members of the The ValPal Network! We...
With a combined value surpassing £7.4 trillion, the UK’s 29 million...
Let's be honest – landlords are the lifeblood of any letting...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
When almost all agents and developers use the tried and tested formula...
I think we can all agree that the National Trading Standards...
.png)
As domestic battery storage systems become increasingly prevalent in UK homes,...
.png)
A team from The ValPal Network joined industry Facebook ads expert...
.png)
In this interview, Riccardo Dawson, Chief Operating Officer at Alto and...
A client account is essential to your lettings business, but the...
%20(002).png)
In today's fast-paced and ever-evolving property industry, it’s essential that forward-thinking...
As electric vehicles increasingly populate our roads and the necessity for...
As estate agents, it is important to make sure that your...
Estate agency has changed. No longer is it required to sit in...
Changes to consumer behaviour usually arrive in waves. Most of the...
At iamproperty we are excited to share the announcement of our...
In an exclusive interview with Estate Agent Today, Simon Coaker, Sales &...
It’s no secret – 2023 is a difficult year for the...
2023 has been coined as ‘the year of AI adoption’, and...
%20(002).jpg)
There are a few common questions that arise when the issue...
As a signage company we know we have a serious responsibility...
The Government’s mini budget on September 23 was anything but ‘mini’...
Agent websites have become more crucial than ever in attracting new...
Interesting report this week in Estate Agent Today on an analysis...
An anti-money laundering (AML) expert has queried why there is a...
MPs have launched an inquiry on improving the home buying and...
MPs have launched an inquiry on improving the home buying and...
The Law Society is facing backlash from conveyancers after issuing new...
An anti-money laundering (AML) expert has queried why there is a...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you and what does it say on your...
Join the conversation
Jump to latest comment and add your reply
Interesting. With the growing pressure on the government, it seems almost certain they will announce some sort of extension or tapering off. At the very least, it seems likely they will say to everyone who is in the process of completing their transaction before the deadline hits that they can still benefit if they don't complete on time. That would seem sensible.
I've never known pressure placed on the government to such an extent from all sides - ordinary buyers and sellers, agents, lenders, conveyancers, surveyors, MPs, etc - so it would be remarkable if they didn't take heed. Expect an announcement from Sunak on March 3.
A more gradual reintroduction of the SDLT would also seem like a wise option. At the moment we are facing a potential sheer drop in market activity, and lots of aborted sales. If there was a 3 month gradual reintroduction where first moth buyers paid 1/4 of the tax, 2nd moth 1/2 the tax, and then month 3 3/4s of the tax (and obvs full tax from then on) it would soften the blow at a time when continued lockdown and redundancies now, and on the horizon, may already start to weaken the housing market. Just a thought.
Much too sensible, Vilesh. It will never catch on.
Please login to comment