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Sunak's stamp duty cut was a mistake, economists say

Jul 29, 2021 - The Independent UK

Chancellor's tax break helped push prices up beyond any tax savings for buyers

The stamp duty cut, the Chancellor's effort to boost pandemic-hit property transactions, likely did more harm than good for buyers, economists believe.

The stamp duty holiday for properties worth more than £500,000, which the Treasury introduced to try and cushion the property market from the impact of the pandemic ended in June and has fueled a surge in house prices. At the end of September, the thresho...