They have reduced stamp duty because interest rate are going to rise and that is bad for house prices. The tory core vote doesn't like house prices not to rise rapidly so they have reduced to stamp duty to try and off set the interest rate rise. It is entirely a political move and a desperate one.What's the point in the Stamp Duty relief?
House prices have been way too expensive for years.
So now we look for ways to kick them up higher?
(yes I know it's a vote winner and helps keep the house-owning populace happy - but really!!!!)
If anything it shows just how bad the data forecasts must be that they are looking at.
Recession, currency collapse, housing crash.