Stamp duty cut will benefit UK’s wealthier and raise inflation, say experts

Government warned measure would create housing bubble that does little to benefit first-time buyers

Cuts to stamp duty will hurt first-time buyers and stoke an inflationary bubble in the property market as house prices rise at the fastest rate for almost 20 years, the government has been warned.

In the latest report detailing the tax cuts favoured by the prime minister, Liz Truss, the Times said Kwasi Kwarteng, the chancellor, was preparing to launch radical cuts to stamp duty as the “rabbit out of the hat” measure in his mini-budget to the House of Commons on Friday.

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stamp duty cut benefit

@bagpuss61

RT @beafk18: Stamp duty cut will benefit UK’s wealthier and raise inflation, say experts https://t.co/R7qTnHVX9W

Posted on: 2022-09-29 11:26

@petajessemey

RT @beafk18: Stamp duty cut will benefit UK’s wealthier and raise inflation, say experts https://t.co/R7qTnHVX9W

Posted on: 2022-09-29 11:25

@E46088871

RT @beafk18: Stamp duty cut will benefit UK’s wealthier and raise inflation, say experts https://t.co/R7qTnHVX9W

Posted on: 2022-09-29 11:24

@CrednesCodPeace

RT @beafk18: Stamp duty cut will benefit UK’s wealthier and raise inflation, say experts https://t.co/R7qTnHVX9W

Posted on: 2022-09-29 11:23

@KateIrvingH20

RT @beafk18: Stamp duty cut will benefit UK’s wealthier and raise inflation, say experts https://t.co/R7qTnHVX9W

Posted on: 2022-09-29 11:22

@LouisTaylorLtd

Chancellor Kwasi Kwarteng announced a #stampduty cut. The changes should mean 200,000 fewer people will have to pay… https://t.co/7MakhToY9M

Posted on: 2022-09-29 10:43

@KenyanMoe

@NewStatesman @jamesrbuk One thing people forget that will be different this time, is the stamp duty cut will benef… https://t.co/FYeVSURQ3Y

Posted on: 2022-09-28 20:50

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