- Wed Oct 08, 2025 4:22 pm
#97580
That didn't take long.
On the plus side, this is the nearest thing to a plan for the Blue Wall that she's come up with so far.
On the plus side, this is the nearest thing to a plan for the Blue Wall that she's come up with so far.
Tory stamp duty plan 'to benefit the wealthiest the most'
Meanwhile, the Social Market Foundation (SMF) thinktank says that the Conservatives’ plans to abolish stamp duty “will benefit London and wealthiest homeowners the most”.
Theo Betram, director at the SMF, said:
Stamp duty is a brake on the housing market, stops people moving for work, prevents more downsizing. Scrapping it solves these issues, but the benefit will disproportionately go to homeowners and to those in the south east and London, who will gain the most.
The credibility test for the Conservatives is whether they can really make sustained savings of at least £12bn annually to fund the cut. Reforming council tax and introducing a property-based tax could make the stamp duty cut more credible, sustainable and fairer, helping those on lower incomes and around the country.
Together with the £5,000 rebate for first time buyers, this is a policy idea that will stimulate demand for homes but the supply side needs solving.