Andy Burnham, the Mayor of Greater Manchester, has reignited the stamp duty debate by calling for a regional exemption or holiday designed to stimulate housing transactions across the city-region. The announcement, framed as a growth measure to support first-time buyers and boost construction, has been met with a sharp rebuke from at least one senior agent who accused Burnham of repeating errors made by successive Prime Ministers, from George Osborne's tinkering to Rishi Sunak's pandemic-era holiday and Liz Truss's mini-Budget experiment. The critique is not merely political point-scoring; it reflects a genuine concern among property professionals that short-term stamp duty interventions, however well-intentioned, tend to distort transaction timing rather than genuinely expand supply or affordability.
Burnham's Stamp Duty Gambit Risks Repeating Truss-Era Errors
Andy Burnham's call for a Greater Manchester stamp duty holiday echoes past policy failures that agents warn could distort the market again.
Source
Developed from reporting by Estate Agent Today.
Topics
stamp dutyAndy BurnhamGreater Manchesterhousing policyproperty market
