News

Hunt downgrades Kwarteng’s ‘permanent’ stamp duty cut from 2025

By 2022-11-17T13:50:00

whitehall

Decision comes as OBR forecasts long term pain in housing market

Jeremy Hunt has set out plans to make the previously permanent £1.6bn stamp duty cut introduced by his predecessor in the ill-fated September mini-budget run for just three years.

The chancellor set out the measures despite in his Autumn Statement this morning despite grim forecasts emerging from the Office of Budget Responsibility (OBR) for the future of the housing market.

…

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.