FROM OTHER NEWS SITES
DAILY TELEGRAPH Cameron vows to defy Europe on prisoner voting - Thu, 24 May 2012 05:50:47 GMT
Cameron vows to defy Europe on prisoner voting - Thu, 24 May 2012 06:00:53 GMT
FINANCIAL TIMES European leaders delay key decisions - Thu, 24 May 2012 07:01:34 GMT
European leaders delay key decisions - Thu, 24 May 2012 01:01:30 GMT
BBC NEWS BBC News - Business - Wed, 23 May 2012 21:34:58 GMT
BBC News - Business - Thu, 24 May 2012 05:33:36 GMT
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PBR: Stamp duty needs to be reformed
Immediately following Alistair Darling's Pre Budget Report, Peter Bolton King, chief executive of the National Association of Estate Agents, said that Stamp Duty should be reformed.
Commenting, he said: "The Chancellor missed an open goal with his statement.
"By ignoring the advice of much of the property industry there is a real danger that the property slump that has hit thousands of families hard over the past 12 months will hit thousands more, harder, in the year ahead.
"Stamp duty unfairly distorts the property market. It is prohibitive to people looking for a step up the housing market and unfairly penalises people investing in buy-to-let portfolios.
"As a first step the Chancellor should keep the stamp duty threshold as it is when the current holiday ends in December. More importantly, the Government should commit to a complete reform of the tax to produce something that is fairer for everyone."
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