Will the stamp duty holiday boost sales and house prices?
By Martina Lees
We’re not going on a summer holiday, but — as Cliff Richard didn’t sing — at least we’re getting one on stamp duty. Will that boost a recovery in the housing market?
Despite an all-time record of 8.5 million visits on the Rightmove site the day after the chancellor announced the tax break, the answer is far from simple.
Most economists expect consumer confidence to dip towards October, when the government is planning to stop paying the wages of furloughed workers and mortgage holidays are due to come to an end. Then there will be more uncertainty over the risk of a no-deal Brexit as Britain’s transition deal with the EU ends