Then shadow chancellor Francis Maude backed Property Week’s campaign against further rises in stamp duty.

Francis Maude

Francis Maude

Source: Wikimedia Commons/ Cabinet Office

Maude backed the campaign to halt increases in stamp duty and promised to “target” the tax as one that a future Conservative government would look to cut.

“The French and German governments are cutting the costs of buying office space to lure financial services away from expensive accommodation in the City of London,” he said.

Last year, the Conservative government introduced a stamp duty holiday, set to end on 31 March.