A Budget today that acknowledges the housing market with measures to reduce stamp duty for multiple premises purchased as a package by developers and investors but in a more mainstream gesture also confirmed a total of £250 million in the form of loans for deposits to first time buyers. A sort of extension to the ‘Homebuy’ scheme.
A raising of the tax allowance and a reduction in fuel duty by 1p per litre leaves many better off, unless they are smokers and/or drinkers of course.
For business, corporation tax is to be reduced by 2% in April and by more in future years and £350 million of cumbersome ‘red tape’ will be removed from the way of entrepreneurs and new businesses.
It could have been MUCH worse, all things considered.
And for the hard pushed property seller, there’s an announcement here of further cuts in estate agents fees, by up to 90%!