Communities and Local Government written question – answered am ar 30 Ebrill 2009.
Grant Shapps
Shadow Minister (Communities and Local Government) (Housing and Planning), Co-Chair, Conservative Party
To ask the Secretary of State for Communities and Local Government what estimate has been made of the net cost to the public purse of the changes to the measures to support the housing market announced in the Budget 2009 in each of the next three years.
Iain Wright
Parliamentary Under-Secretary (Department for Communities and Local Government)
The measures to support the housing market include a £605 million funding package for house building (including a housing environmental package), £90 million to extend the stamp duty land tax holiday, £235 million to help those facing difficulties with their mortgage payments, and £120 million extra support for the devolved administrations. The costs and receipts (where applicable), over each of the next three years, are reported in tables 1 and 2. The differences between Table 1 and Table 2 represent the net cost to the public purse.
| Table 1: Budget 2009 housing market measure, costs (£ million)( 1) | ||||
| 2009-10 | 2010-11 | 2011-12 | Total | |
| Stalled sites | 320 | 80 | 0 | 400 |
| LA house building | 30 | 70 | 0 | 100 |
| Housing environmental package | 75 | 30 | 0 | 105 |
| Stamp duty land Tax Holiday | 90 | 0 | 0 | 90 |
| Additional resources for preventing repossessions and evictions(2) | 50 | 50 | 0 | 100 |
| Support for Mortgage Interest (SMI) | 135 | 0 | 0 | 135 |
| Extra devolved administration funding (Barnett formula) | 85 | 35 | 0 | 120 |
| Total | 785 | 265 | 0 | 1,050 |
| (1) Figures are rounded to the nearest £5 million (2) Includes MRS | ||||
Receipts back to the Government will accrue from elements of the stalled sites package, specifically from the Equity, Gap and Infrastructure and Homebuy Direct measures:
| Table 2: Budget 2009 housing market measure receipts (£ million) | |
| Stalled sites | |
| 2009-10 | 0 |
| 2010-11 | 110 |
| 2011-12 | 10 |
| Total | 120 |
Yes2 people think so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
