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While Rachel Reeves prices young buyers out, scrapping stamp duty could finally open the door to homeownership

4 0
07.11.2025

By Jack Rankin MP

When my wife and I were saving for our first house, putting money aside every month, we visited the mortgage broker perhaps expecting to sign the paperwork and move in.

When I told him how much I had saved, he laughed and told me I had covered stamp duty, now it was time to save for a deposit.

Just one example - but one rooted in reality for many families just like mine. For millions of ordinary Britons, the shadow of Stamp Duty looms over that dream of buying a first home or moving into that next one.

That’s why Kemi’s pledge to abolish this tax on the purchase of primary residences has been welcomed by the general public .

You can also measure the success of a policy by the reaction of the other Parties; it’s put their noses out of joint. They can’t fathom that cutting taxes could be good for people and good for prosperity.

And Stamp Duty Land Tax is one of the most anti-growth taxes there is. It’s anti-ambition, anti-free-market and anti-family. It’s a huge part of the reason why we have such a gummed-up housing market.

But don’t take my word for it. In April when Labour scrapped the........

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