Qualified advisers answering your
Financial Questions
call 0800 092 1245

Will the UK government reintroduced the stamp duty break?

Over the last two years there have been a number of highly successful and very expensive fiscal programs to induce growth into the UK economy. One such program was the stamp duty break which ended in December 2009 and which had a massive impact upon the UK property market. Such was the impact that many property purchases were rushed through in December to take advantage of the reduced costs and January mortgage lending figures collapsed by 49% compared to December.

While on one hand this shows the success of the UK government's fiscal policy for the sector it also shows that the property sector is still dependent upon government intervention. Whether the UK government will be brave enough to reintroduce the stamp duty break to support the property sector over the coming months remains to be seen but there is concern that the UK economy could weaken once other government led initiatives come to an end.

It is only now becoming evident how weak the UK economy has been and how dependent it was upon various support programs. The decision when to remove support for the UK economy was always going to be a gamble but ultimately it is a gamble which needs to be taken to allow the UK economy to stand on its own 2 feet once more.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details