Bellway, one of the UK's largest housebuilders, has added its voice to a growing chorus calling on the Treasury to cut stamp duty, arguing that current transaction costs are choking off housing market activity at a moment when the sector can least afford it. The FTSE 250 builder's intervention comes as the industry braces for the reversion of temporary stamp duty thresholds in April 2025, when the nil-rate band for standard buyers falls back from £250,000 to £125,000, and first-time buyer relief contracts from £425,000 to £300,000. For an industry still working through elevated build costs, cautious mortgage lending, and fragile consumer confidence, Bellway's warning should be read as a serious signal rather than routine lobbying.