New Devolved Taxes

Part of 1. Questions to the Cabinet Secretary for Finance – in the Senedd at 1:41 pm on 18 April 2018.

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Photo of Mark Reckless Mark Reckless Conservative 1:41, 18 April 2018

In his latest spotlight on Cardiff offices, Ross Griffin, the director of UK investment at Savills, says that the increase in stamp duty to 6 per cent on a significant office development will deter investment by making Wales more expensive as investors target English regional cities instead of Cardiff, cutting the flow of capital into the Cardiff market. He concludes that this will limit future growth of the Cardiff office market and future employment growth in the city. How is this going to help my constituents and others who look to work in Cardiff?