Laura Suter: The effects of the stamp duty holiday

The stamp duty holiday, increasing the tax-free band from £125,000 to £500,000, means that homebuyers can save up to £15,000 - a very decent handout for anyone considering upsizing or getting on the property ladder. The move was made because of worries about the sluggish property market during the coronavirus crisis. Rishi Sunak, the chancellor himself, pointed out that property sales have fallen off a cliff and we've had our first house price fall in eight years. Lockdown brought an entire lockdown to the property market and now worries about a massive looming recession mean people have...