A stamp duty cut may be announced at Friday’s mini budget as the government seeks ways to stimulate growth of the economy, according to reports in The Times.
It is understood the Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng want to make a cut to the tax, which is paid upon purchasing a home, as part of their ‘push for prosperity’.
Although no detail is available and the Treasury has declined to comment, there has been a mixed reaction to the concept, with some worried it may create further problems.
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