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‘Possible stamp duty cut’ in Autumn Statement to regenerate housing market

Tuesday, November 22, 2016 7:30
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(Before It's News)

Market Analyst at Hantec Markets Richard Perry spoke to Proactive Investors on the eve of Chancellor Philip Hammond’s first Autumn Statement.

On the subject of corporation tax, Perry says: ”It looks already as though Hammond has dismissed 15% as George Osborne had suggested. I think it’s more likely to be he’ll be dragging it lower to 17%  by the end of this Parliament. That’s still a fairly sizeable cut – we’re already running one of the lowest corporation taxes in the OECD”.

On what businesses will be looking out for he added: ”Companies like spending plans to go higher, they like infrastructure spending to start generating more confidence in the economy”.

Perry went on to say there’s also a possibility they may cut stamp duty on houses to help regenerate the housing market which seems to be slowing a little bit.

Story by ProactiveInvestors

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