From The Telegraph:
Among several other experts, Sue Anderson, a spokesman for the Council of Mortgage Lenders, said the move would do little to ease the impact of the credit squeeze.
Howard Archer, the chief UK economist at Global Insight, said: “The public finances are taking a bit of a kicking from all directions at the moment.” He added there was “no way” that the Chancellor could meet the Government’s rules on borrowing, which are currently under review by the Treasury.
About half of the 90,000 home purchases completed each month are on properties worth £175,000 or less, but deals below £125,000 are already exempt from stamp duty….
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