Jacob Rees-Mogg: Cut stamp duty now

Ryan Bembridge

August 14, 2017

Conservative MP Jacob Rees-Mogg (pictured) has urged the party to cut stamp duty “as a matter of urgency”.

Speaking to The Telegraph, the popular Tory MP also called for reductions in income tax.

Rees-Mogg said: “In addition to low taxation being right in terms of ownership, it is also better economically. The recent cuts in corporation tax, one of George Osborne’s most successful policies, have more than doubled the tax received by the government.

House price grown remains stable

“This has helped businesses afford to invest and employ people leading to a stronger economy and allowing the government more easily to finance its expenditure. This example ought to be applied to income tax and, as a matter of urgency, to stamp duty.”

Rees-Mogg denied wanting to become a leader of the Conservative Party but criticised PM Theresa May’s election campaign as “too managerial” and “lacking inspiration”.

Last month ex-Tory leader Ian Duncan Smith called for a review of buy-to-let tax changes.

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