Philip Hammond has been warned against hiking levies on
buy-to-let properties over fears the move would result in lower revenues for
the Treasury. Two former Conservative cabinet ministers criticised reported
plans for an increase in the government levy charged on buy-to-let purchases,
which are said to be under consideration for the autumn Budget. John Redwood,
the former trade secretary said: “There is no need to increase taxes and if you
carry on increasing them you'll collect less money from people, which is the
opposite of what we want to achieve.” “The answer for the Treasury is cut stamp
duty and you’ll raise more money.” Read more on the Daily Telegraph website.
No 10 dismisses Reeves’s reported plan for freeze on private rents
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Downing Street says focus will remain on cutting bills, backing renters and
lowering energy prices
Downing Street has dismissed the idea of a freeze on p...
7 hours ago
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