The euphoria caused by the stamp duty cuts announced just before the weekend has given way to a realisation that they do nothing to help improve supply in the private rental sector.

The mini-Budget raised the threshold before stamp duty is paid to £250,000 and for first-time buyers to £425,000 – welcomed by most agents but not without concerns that this may lead to further overheating of house prices.

James Hyman, head of residential at lettings and sales agency Cluttons, says: “It is disappointing that the Chancellor has done nothing to encourage private landlords back to the market.

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