Chancellor Gordon Brown is to raise the Stamp Duty threshold to £100,000 from £60,000 The Scotsman says, without citing where it got its information.
The move would be most beneficial in Scotland, the paper writes, because while average house prices are at that level in England they currently stand closer to £160,000. Elsewise, the Budget is set to outline a “bullish” view on growth, countering economists’ predictions of tax increases after the election in order to fund government expenditure without increasing debt. It is precisely this growth the chancellor is set to cite as his reason for raising the threshold, to enable people to get a step on the property ladder. Fuel duty increases will be postponed until September to head of...
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