The current house prices boom was not caused by the stamp
duty holiday, a new report has argued. The Resolution Foundation says prices
will keep rising because of pandemic-related factors like low interest rates
and changing home preferences. In fact, the think tank says the tax holiday was
"wasteful" and HMRC lost out on about £4.4bn of taxes in England and
Northern Ireland as a result. The Treasury said the policy saved jobs by stimulating
the housing market. Between June 2020 and June 2021, the average value of a UK
home increased 13.2%. Read more on the BBC website.
Why do we keep building on land at risk of flooding?
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A recent study by Aviva found that one in nine new homes in England are
being built on land at risk of flooding – often entirely within planning
rules. J...
8 hours ago
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