Policy
Welsh Government updates Land Transaction Tax rates
Wales is cutting the Land Transaction Tax for lower-value homes, while raising rates for properties above £345k (the top c.15% of the market).
Required Reading: Kwarteng’s ‘mini-Budget’ for HNWIs & business owners
Mishcon de Reya's team of legal experts talks us through some of the key policy announcements in last week's big fiscal event.
Westminster launches ‘war on dirty money’
Officials are increasingly concerned about the 'explosion' in overseas investment into the PCL property market over the last decade.
Industry Reactions: Kwarteng’s big ‘mini Budget’ & Stamp Duty cut
A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons,…
Stamp Duty slashed in Kwarteng’s tax-cutting spree
The nil-rate Stamp Duty threshold has been doubled to £250k, effective from today.
BoE raises interest rates by 0.5% to 2.25%
The UK's base rate of interest has been rising since December 2021, as the Bank of England attempts to keep a lid on inflation.
Talking Heads: What would cutting Stamp Duty do to the housing market & economy?
It's being reported that Friday's "emergency mini-Budget" will feature a cut to Stamp Duty. Is this wise, and what impact might such a move have on the property market and on the wider UK economy?
Abrahmsohn on Truss’s ‘refreshingly radical’ plan to cut taxes
Super-prime estate agent Trevor Abrahmsohn hopes the new Prime Minister 'will succeed and be our Queen Boadicea in difficult economic times'.
Westminster mulls affordable housing plan for ‘dirty money’ mansions
Labour-controlled council is investigating how compulsory purchase orders could be employed to take control of properties which 'are not being used for their stated purpose'.
Clarke names new Housing & Planning Minister
Lee Rowley has become the latest Tory Housing Minister.
Chancellor Kwarteng to deliver ‘emergency mini-budget’ on 23rd September
The new Prime Minister has promised to cut taxes.
Housing Ministers Hughes & Jones resign
The latest departures mark a wholesale change of ministerial leadership at the Department for Levelling Up, Housing & Local Communities.