The lack of a Conservative Commons majority prevented the Chancellor from doing much more than playing it safe – which he did effectively.
Posts Tagged: Stamp Duty
It continues to clear the deficit, prepare for Brexit, and back our businesses with the support they need to boost productivity.
Hammond’s plan – from abolishing Stamp Duty for most first-time buyers, through to reforms to help Universal Credit recipients.
WATCH: Hammond’s Budget rabbit – Stamp duty abolished for all first-time buyer purchases up to £300,000
“A temporary stamp duty holiday would only help those who are ready to purchase now and would offer nothing for the many who will need to save for years.”
Given the resistance of Tory MPs to spending cuts and tax rises, Hammond’s easiest course would be to push any into the future. But this wouldn’t be problem-free…
My TV omnipresence. After The News. Two wheezes from the Chancellor. Will he be fired in a reshuffle? Oh, and p.s: it could take place on Monday.
James Frayne: To win over young voters, don’t make the mistake of assuming they’re all wealthy graduates
Targeting stamp duty and tuition fees could be less effective than technical education and the right industrial policy.
This proposal already has considerable support from institutions, including the Yorkshire Building Society, who have published research into the benefits this change would bring.
The Government could make it much easier for older people to downsize by providing a Stamp Duty exemption.
Stamp Duty punishes those who could help free up the housing supply.
The Chancellor has not always been well treated by his neighbour, and deserves support over public spending. But he has mishandled his internal position over Brexit.
Recent attacks on private landlords are restricting housing supply, hurting investors, and will push up rents.
Alex Morton: Here’s a radical but workable plan for the Budget. Trade off simplified tax reliefs for lower marginal rates.
He could commit to some tangible metrics – i.e: reducing the tax code in length by 25 per cent by 2019, or pledging to abolish three taxes in each budget.
If there is a crash in property prices in the Greater London area, this will have a major impact on the banks and on the economy as a whole.
Goodbye, Austerity Chancellor. Hello, leadership contender. The Autumn Statement was framed to please Conservative backbenchers rather than crafted to balance the books.