Tony Blair’s team call for large scale property tax reform
On the day that stamp duty thresholds revert to their previous higher levels, the Tony Blair Institute has called for wholesale property tax reform.The institute’s director of economic policy, Tom Smith, says: “From today home buyers in England and Northern Ireland will pay more stamp duty when temporary reliefs come to an end. “While these changes are necessary given the state of the public finances, they mean many people will be paying thousands of pounds more to buy a home, and for some people – such as first-time buyers – this change may...