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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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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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