A Scrutiny Panel has lodged amendments today which seek to amend the Council of Ministers’ proposed Common Strategic Policy and the 2019 Budget. The amendments, from the Corporate Services Scrutiny Panel, introduce a new strategic priority “Nurturing a Diverse and Inclusive Society” within the Common Strategic Policy, and a change to the stamp duty bands for residential property in the Budget.
The amendment to the Common Strategic Policy would introduce a sixth Strategic Priority of “Nurturing a Diverse and Inclusive Society”. The amendment sets out the Panel’s rationale for proposing this new priority as well as the outcomes that the Government needs to focus on.
The amendment to the 2019 Budget would reduce the number of stamp duty bands for residential property and adjust the corresponding stamp duty rates. Purchasers of property between £600,000 and £1 million would pay less stamp duty under the Panel’s amendment, and purchasers of property above £1 million would pay more. The proposals for First Time Buyer relief in the Budget are not affected.
Senator Kristina Moore, Panel Chairman, commented:
“During the course of our review of the Council of Ministers’ Common Strategic Policy, we were concerned by the absence of any references to diversity. The purpose of our amendment is to place greater emphasis on diversity and inclusion with the Policy.
Our amendment to the 2019 Budget will simplify the stamp duty system and should also particularly help buyers who are looking to buy a family home or move up the property ladder. The rates for people purchasing property valued at over £1 million would be increased to pay for this.
Scrutiny Press Release.