Halving stamp duty could boost economic change

Halving stamp duty on property purchases, both residential and commercial, has been suggested by a think-tank as a way to promote economic change and remove barriers to job moves. The Resolution Foundation's Ready for Change report highlights low productivity as the main economic problem in Britain and recommends reducing transaction taxes, reforming VAT thresholds, and supporting job mobility. The report argues that stamp duty slows down the rate at which people move houses, discouraging job moves and geographic reallocation. 

The I (25/09/2023)