Speeches by Baldwin.

“I wanted to start by asking Mr Gravelle whether he thinks that the UK is missing out on the growth in the cryptoasset industry. If he thinks that, why does it matter to my constituents?”

“In terms of getting a declaration of interest on the record, can you all put up your hands if you own a cryptoasset or bitcoin, or something along those lines?”

“The speculation was inflamed by the Chancellor herself giving a speech at the press conference. Surely one of the most damaging pieces of speculation in the media was that there might be an exit tax on wealthy people fleeing the country. That has only just been ruled out, but many, many people have fled in the interim.…”

“One thing that neighbourhood policing can tackle effectively is the way in which TikTok is being used to distribute spice-laced vapes to our young people. Will the Minister comment on that?”

“Professor Leunig, you mentioned something about mobility. I wondered what evidence is out there about the impact that stamp duty is having on mobility, social mobility, household formation or anything else along those lines.”

“Okay. That is a good place to stop then.”

“So the landfill tax threat would be the one you would change if you had to choose one.”

“Thank you very much; we would love a copy of that.”

“I have one last question. You have been a fascinating panel. However, it struck me that all the conversation has been around assuming a finite stock of property, yet everyone wants to see more homes built. What tax change in the property sector would be the biggest incentive to stimulate not only demand for new housing…”

“Does anyone have any quantification of the impact of the economic activity that occurs when someone moves? I would also be interested to hear whether the anecdotal comments we hear about how the property market is “frozen” at the moment are accurate according to the Zoopla data.”

“In a panic about it?”

“Is speculation around stamp duty at the moment having a pronounced impact on behaviour?”

“Ms Allsopp, in the real world of people making decisions about downsizing and first homes, are you seeing speculation about changes to stamp duty affecting real-world behaviour?”

“Professor Leunig, you are notably nodding to all those points. With rents in London being so expensive, do you think they are higher because of stamp duty land tax?”

“Ms Willis, is there anything particularly problematic in the way the tax is designed?”

“Do you think that it has an effect on rental markets?”

“Turning to Zoopla’s evidence, do you have evidence of the impact that stamp duty has on construction and other aspects of the wider economy—the market for furniture and that kind of thing? Do you have any data on that?”

“There will be.”

“So labour market mobility, social mobility, but you cannot point to any specific—”

“Mr Fairburn, did you want to add anything to that?”