MyIntroducer.com | News | Stamp duty: time for a change?
Understandably, the Chancellor of the Exchequer, George Osborne, hopes to position next week’s Budget as focused on promoting enterprise and economic growth, say the CML.
However, the reality is that myriad tax rises and benefit cuts are due to take effect from early April, and public spending cuts will also begin to bite in earnest this year.
With household finances already under pressure as a result of consumer price inflation persistently above target (largely reflecting higher global food and fuel costs and January’s increase in VAT to 20%), anaemic earnings growth and job losses, 2011 is set to be a challenging year for households and the housing market.
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