(2) what assessment he has made of the effectiveness of the stamp duty holiday in stimulating the market for properties priced below £175,000.
I refer the right hon. Member to the reply given by the then Economic Secretary to the Treasury (Kitty Ussher) on 15 September 2008, Official Report, column 2155W. The aim of the stamp duty holiday announced on 2 September 2008 is to demonstrate Government support for homebuyers at a time of difficult conditions. Data on property transactions can be found at