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Petitions Committee reacts to Budget statement by the Chancellor of the Exchequer

4 March 2021

On Monday 1 February, the Petitions Committee led a discussion on a petition relating to stamp duty land tax relief during the covid-19 outbreak. The petition, titled ‘Extend the Stamp Duty Holiday for an additional 6 months after 31st March 2021’, has more than 150,000 signatures. Elliot Colburn, member of the Petitions Committee, led the session. Rt Hon Jesse Norman MP, Financial Secretary to the Treasury, responded.

Following today’s Budget Statement by the Chancellor of the Exchequer, Elliot Colburn, and Petitions Committee Chair Catherine McKinnell, have responded.

Catherine McKinnell, Chair of the Petitions Committee comments

“The Stamp Duty holiday announcement will come as a relief to petitioners, but the Government must also ensure that this relief is tapered off in a way which gives house-buyers every opportunity to complete their transactions without being penalised for events outside their control.”

Elliot Colburn, member of the Petitions Committee comments

“Today's Budget announcement that the Stamp Duty holiday is to be extended will be hugely welcomed by the many thousands of petitioners who were struggling to complete their transactions before the March deadline.

“The decision to taper off this relief is also welcome, as I and other Members across the House called for in our session on this petition, to avoid the 'cliff-edge' scenario many house-buyers were facing."  

E-petition session relating to Stamp Duty Land Tax relief

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Image: PA