Chancellor Philip Hammond's plans to tackle the housing
crisis will fail without further reforms, MPs say. Abolishing stamp duty on
homes under £300,000 was the centre piece of Mr Hammond's November budget. The
government says it has already helped more than 16,000 people get on the
property ladder. But the Treasury select committee said the move is likely to
push house prices by at least the amount the reduction in stamp duty is
supposed to save. It said Mr Hammond would only meet his target of 300,000 new
homes a year if he took more action to promote building such as lifting a
borrowing cap on councils. Read more on the BBC website.
http://www.bbc.co.uk/news/uk-politics-42768300
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