PARLIAMENTARY WRITTEN QUESTION
Private Rented Housing (9 September 2015)

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential effects of the measures to restrict finance cost relief for landlords, announced in the Summer Budget 2015, on levels of investment in the private rented sector in (a) Scotland and (b) the UK.

Asked by:
Ian Murray (Labour)

The Government expects the restriction to tax relief for finance costs to have a minimal impact on house building in Scotland and the UK. The Productivity Plan published alongside the Summer Budget includes a number of measures to make the planning system quicker, cheaper and more responsive to local needs. Overall, the OBR believe the impact on the housing market will be small and, taking account of the other measures in the Summer Budget, have not adjusted their forecast for house prices.

Answered by:
Mr David Gauke (Independent)
14 September 2015