Miliband’s Pledge to First-Time Buyers Will Spare Them Stamp Duty

First-time buyers will be spared stamp duty and moved to the front of the queue for new homes under Labour plans to ease the national shortage of affordable houses and flats.  Claiming that millions of families are being priced out of the property market, Ed Miliband will commit a Labour government to scrapping stamp duty for 90 per cent of first-time buyers. For three years the levy would be waived on properties worth up to £300,000 for people buying their first home. Read more on the Independent website.