Addressing House Price falls our way

Many readers may be slightly surprised that the press failed to report the work done by the Department in formulating the Government's response to the stagnation in the housing market. The proposal to raise the stamp duty threshold to £175,000, which only costs around £600m per annum, is a cheap way of ensuring anyone whose property is worth between £175,000 and £185,000 will be unable to sell it for its full value. We are delighted that this idea was accepted by the Treasury and the Prime Minister, and we are confident there will be more work for us in this vexed area shortly.