Cut stamp duty to reap £4bn windfall, Berkeley urges Healey Property One of Britain’s biggest housebuilders has urged John Healey to slash stamp duty on newly built homes, in a move which it says would hand the Treasury a £4.2bn windfall. In its Budget submission, London-listed Berkeley Group told the Chancellor that urgent action was needed to prevent the housing market from “sliding over an economic [...]
Stamp duty reform is ‘urgent,’ Berkeley tells Burnham Property Berkeley has urged Andy Burnham to commit to “urgent reform” to stamp duty, which it says has become a “binding constraint” on housebuilders and buyers. The FTSE 250 firm said that stamp duty is to blame for the slump in demand for new homes, because it makes first-time-buying unaffordable and dissuades existing homeowners from moving [...]
Housebuilder Bellway calls for ‘immediate’ cut to stamp duty Property Housebuilder Bellway has called on the government to slash stamp duty immediately and roll out a first-time buyer scheme to revive Britain’s flagging housing industry. The FTSE 250 firm said on Tuesday that housing demand has been hammered by last year’s pre-Budget speculation and the recent rising mortgage rates triggered by the Iran war. Jason [...]
Industry hits out at rumours as No 10 denies plan to abolish stamp duty and council tax July 27, 2026 Andy Burnham is “not considering” scrapping stamp duty and council tax, Downing Street has said, as the government moves to pour cold water on rumours of major tax changes that had spooked property sector leaders. Business chiefs condemned the government over the danger of property tax speculation after reports over the weekend suggested that Burnham [...]
Brits aren’t spending enough – time for Splash Out to Help Out May 20, 2026 Household debt has declined and people have stopped spending on productive things like home improvements but also in leisure. That’s bad news for the public finances, so the government should look at ways to incentivise spending, says Tim Sarson Brits have stopped spending. After the great financial crisis in 2008 we collectively decided to zip [...]
Second home stamp duty means 2m houses ‘missing’ from rental market March 16, 2026 More than 2m rental homes are missing from the market because of the second home tax imposed a decade ago, new research has found. Nearly ten per cent fewer homes are available to rent than was projected in 2016, when the stamp duty surcharge on second homes pushed millions of houses out of the reach [...]
Housing market ended 2025 on ‘softer note’ after ‘resilient’ year January 2, 2026 The UK housing market rounded off 2025 on a softer note after remaining “resilient” through a volatile year, according to Nationwide’s latest house price index. Annual house price growth slowed to 0.6 per cent in December from 1.8 per cent in November, with a 0.4 per cent fall in prices. This took the average UK [...]
It’s not just LISAs: Stamp duty land tax is a London problem too November 25, 2025 Getting on the property ladder is getting harder and harder for young people. Dwindling housing supply coupled with growing demand for property has left sellers receiving offers significantly above the asking price, with squeezed buyers turning to family members to fund ballooning deposits. But the costs do not end when the keys are handed over. [...]
Abolish regressive, outdated stamp duty November 3, 2025 Stamp duty abolition isn’t just desirable it’s an economic necessity, says Alex Michelin Ask any first-time buyer, young family or downsizing pensioner what’s stopping them from moving home and you’ll hear the same answer: Stamp Duty Land Tax (SDLT). This once marginal transaction cost has evolved into a structural impediment to the UK housing market, [...]