Written question asked by Ashley Dalton (Labour) on Tuesday, 10 December 2024, in the House of Commons. It was due for an answer on Tuesday, 17 December 2024 (named day). It was answered by Tulip Siddiq (Labour) on Tuesday, 17 December 2024 on behalf of the Treasury.
Individual Savings Accounts
- Question
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To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of adjusting the Lifetime ISA property price cap in line with (a) inflation and (b) average house prices.
- Answer
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Data from the latest UK House Price Index(opens in a new tab) shows that while the average price paid by first-time buyers has increased, it is still below the LISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.
The Government keeps all aspects of savings tax policy under review.
Secondary information
- Type
- Written question
- Reference
- 19090
- Session
- 2024-26
- Subjects
- Housing Inflation Individual savings accounts Prices
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 18:54:16 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/19090
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/19090
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/19090