Labour makes first-time buyer stamp duty pledge

Jenna Towler

Labour would make first-time buyers exempt from stamp duty for purchases under £300,000, Ed Miliband is due to announce.

  The Labour leader said: “We will be setting out proposals to make life easier for first-time buyers.”  The BBC reports he will attack the coalition for the “lowest level of housebuilding for almost 100 years and the lowest rate of home ownership for a generation.”  Labour, the report said, would begin work on a building one million new homes by 2020. However, the Conservatives said the idea was not fresh as the coalition government had already cut stamp duty for the majority of home buyers since 2010. The BBC reports Miliband will say: “There's nothing more British than the...

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