Stamp duty hike has hampered house sales

Increases in stamp duty have caused a slowdown of the housing market, the Bank of England has warned. Increased taxes for expensive properties and second homes put in place by former Chancellor George Osborne have put off potential buyers, the Bank’s economists said. “The London market has probably been disproportionately affected by regulatory and tax changes,” a report from the bank stated.

Daily Mail (08/02/2019)