Following news that the UK Conservative Government is cutting stamp duty in England, Welsh Conservative Shadow Minister for Finance, Peter Fox MS, said:
“Thanks to the UK Conservative Government, house buyers in England have just received a massive boost through cuts to stamp duty. This is just another example of the UK Conservative Government improving the prospects of hard-working families.
“Labour ministers need to take the same approach by scrapping land transaction tax for first time buyers here in Wales and properties up to £250,000.
“Only through tax cuts, not tax RISES, can Labour provide a much-needed boost to the Welsh economy.”
“Thanks to the UK Conservative Government, Labour ministers will receive an additional £70 million over the next three years. It is vital this money benefits hard-working families across Wales and is not wasted on Labour’s vanity projects.”