Stamp Duty Has Quietly Doubled. That's Why Britain Stopped Moving
Stamp duty on a typical UK house move has roughly doubled in 20 years without a single rate rise, and the number of homeowners moving house with a mortgage has more than halved.
The government's new Your First Home scheme is aimed at first-time buyers. Neil Woodford and Jon Adair show why first-time buyers are the part of the housing market that is working, how frozen stamp duty thresholds and post-crisis deposit rules have stopped existing homeowners moving, and why £1 of stamp duty can cost a family £5 of house. Neil sets out what he would do, whether it would pay for itself, what would prove him wrong, and what it all means for housebuilders and the businesses that depend on people moving.
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This episode is for information and education only. It is not investment advice, and nothing in it is a recommendation to buy or sell any investment. Capital is at risk.
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