Responding to the news that the Land Transaction Tax threshold is to be changed from £180,000 to £225,000, Welsh Conservative Shadow Minister for Finance, Peter Fox MS said:
“Last week the UK Conservative Government took bold and decisive action to put aspiration, opportunity and growth at the heart of the economy. As part of that the Labour Government will receive £70 million following changes to stamp duty in England.
“While this tax cut for home buyers in Wales is welcome – something we’ve been calling for nearly a decade - it simply does not go far enough.
“House prices in Wales have now hit £240,000, yet the Labour Government in Cardiff Bay is firmly slamming the door in the faces of first-time buyers by refusing to provide specific support for them.
“It is simply astounding that Labour and Plaid Cymru can justify spending £100 million on more politicians in Cardiff Bay and not supporting people onto the housing ladder.
“Labour need to stop holding back money and provide the tax cuts that Wales needs to boost growth and support hardworking families and businesses.”
