Sunday, 19 July 2020

Housing Minister Enters Row Over Labour “Bung” Accusation


Housing minister Chris Pincher has entered the row over Labour claiming that the stamp duty holiday announced last week was in reality “a bung” to landlords and the private rental sector. Labour is aggrieved that the stamp duty exemption up to £500,000 applies to all buyers, including those investment purchasers and people wanting a vacation property. The party instead wants buy to let landlords excluded and Thangam Debbonaire, Labour’s shadow housing secretary, says: “It is unacceptable that the Chancellor tried to sneak out this huge bung to second home owners and landlords while millions of people are desperate for support. “ Read more on the Letting Agent Today website.

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