Opposition Day — [19th Allotted day] — Home Information Packs and Stamp Duty — 10 Oct 2007 at 18:44

I beg to move,

That this House notes the growing concern over the effect of Home Information Packs (HIPs) on a fragile housing market; observes that the Royal Institute of Chartered Surveyors has warned that the introduction of HIPs has already led to a downturn in the market for both four and three bedroom homes; recalls that the Government was warned against introducing HIPs from across the housing industry; is concerned that none of the revised secondary legislation for HIPs was scrutinised or debated by the House before its implementation; calls for Home Information Packs to be scrapped and Energy Performance Certificates to be implemented separately; and asserts that ending stamp duty for first time buyers up to £250,000 would do far more to help home buyers and sellers.

I beg to move, To leave out from "House" to the end of the Question, and to add instead thereof:

'believes that the ongoing reform of the home buying and selling process should revolve around the interests of the consumer and environmental sustainability; considers that the most important thing for the housing market is macroeconomic stability including sound public finances; therefore further believes that unfunded tax cuts including on stamp duty would be irresponsible; further believes that increased house building to deliver more affordable homes is essential to help first time buyers; further considers that the introduction of Home Information Packs and Energy Performance Certificates can improve the process of home buying and selling for consumers and provide them with vital information about the energy efficiency of homes and practical suggestions about how to cut fuel bills and reduce carbon emissions; and notes that the Government continues to work with industry to consider further reform of the home buying and selling process in order to maximise the benefits for consumers.'.

Question put accordingly, That the original words stand part of the Question:-

The House divided: Ayes 166, Noes 363.

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