On Friday, the UK Chancellor of the Exchequer, Kwasi Kwarteng unveiled a package of tax cuts that was the largest in 50 years.
The plan sets an ambitious target for 2.5% trend of growth, securing sustainable funding for public services and improving living standards for everyone.
The mini-budget underlines the new-look Government’s determination to maintain a buoyant property market, overhauling planning laws to encourage infrastructure and housebuilding.
A&M's Head of Real Estate and Managing Director Kersten Muller spoke with multiple publications on whether the package of major cuts to the Stamp Duty Land Tax will have its desired impact, and his scepticism on how the government will balance their income if they are taking a substantial loss from these relief measures. Learn more:
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The Sunday Telegraph - 24 September 2022 - Business chiefs hail ‘first Conservative budget in 20 years’ (print)
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The Telegraph - 24 September 2022 - Business chiefs hail ‘first Conservative budget in 20 years’
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CoStar - 23 September 2022 - Mini Budget: UK Government's Permanent Stamp Duty Cut May Inflate House Prices
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Property Notify - 23 September 2022 - Mini-Budget: Chancellor Announces Stamp Duty Cuts & Threshold Changes
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The CFO - 23 September 2022 - Mini-Budget 2022: Planned corporation tax hike scrapped
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First Time Buyer News - 23 September 2022 - Mini-Budget: Chancellor Announces Stamp Duty Cuts & Threshold Changes
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