Economists agree that the policy needs to change but reform could backfire

Rocketing house prices and slow wage growth have contributed to a deterioration in the affordability of home ownership in England, a committee said.

Rocketing house prices and slow wage growth have contributed to a deterioration in the affordability of home ownership in England, a committee said

A cross-party committee of MPs has called for a review of stamp duty

Rewind 40 years, and it was a relatively minor 1 per cent charge levied on all house sales. It was a rounding error.

An influential group of MPs said the Government must consider alternatives to the home buying tax.

MPs want to see the tax on house purchases reformed - but what could replace it?

Economists agree that the policy needs to change but reform could backfire