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Government may be mulling Stamp Duty cut

Prime Minister Gordon Brown is thought to be considering cutting Stamp Duty in a bid to appease middle-income voters.

Press reports claim that the Brown has asked the Chancellor to look at measures to ease financial pressures on voters in order to boost the Government’s popularity following Labour’s defeat in Glasgow East.

The news follows calls by several groups including the Home Builders Federation and the Royal Institution of Chartered Surveyors for a Stamp Duty holiday in order to revive the flagging housing market and make it easier for first-time buyers to get a foot on the property ladder.

A spokesman for the Treasury says there are no current plans for Stamp Duty changes and any change to taxation would be announced as part of the Budget process, but the Daily Express quotes housing minister Caroline Flint who says it is something the Government is discussing.


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