Sunak Keeps Truss Stamp Duty Cut

Rishi Sunak was hit with a wave of applause when he proudly announced that the Tories will “abolish Stamp Duty for homes up to £425,000 for first time buyers”. A good idea. Though not his own…

The first-time buyer Stamp Duty exemption was increased from £300,000 to £425,000 in Liz Truss’ mini budget in 2022, and was set to be reversed at the end of March 2025.[…] Read the rest