Hunt reverses Kwarteng’s ‘permanent’ stamp duty cut from 2025

By Joey Gardiner2022-11-17T14:12:00

Decision comes as OBR forecasts long term pain in housing market

Jeremy Hunt has set out plans to make the previously permanent £1.6bn stamp duty cut introduced by his predecessor in the ill-fated September mini-budget run for just three years.

The chancellor set out the measures despite in his Autumn Statement this morning despite grim forecasts emerging from the Office of Budget Responsibility (OBR) for the future of the housing market.

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