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Tories pledge to raise Stamp Duty threshold to £250,000

Shadow chancellor George Osborne has pledged to raise the Stamp Duty threshold to £250,000 if the Conservative Party wins the election.

The party outlined its plans last week in a report entitled A New Economic Model.

The Tories want to increase the Stamp Duty threshold from £125,000 to £250,000 and raise the Inheritance Tax threshold to £1m. Osborne has also pledged to abolish what he calls the failed tripartite system of regulation and put the Bank of England in charge of prudential supervision.

The party says it would restore the Bank’s role in monitoring the overall growth of credit and debt in the economy while a new Consumer Protection Agency would take over responsibilities from the Financial Services Authority.

Robert Sinclair, director at AMI, says: “The Stamp Duty holiday was welcome and the Tory plan to raise the threshold would provide a boost for first-time buyers while helping first-time movers too.”


Consumer confidence increased in January

The Nationwide Consumer Confidence Index rose three points in January to 73 following a dip the previous month. It is now almost double the level recorded at the same time last year.

Funds drought stunts B2L growth

The lack of mortgage funding is stopping buy-to-let landlords growing their portfolios. A survey by LSL Property Services shows that half of all landlords who would like to expand their portfolios are frustrated by the lack of mortgage finance. LSL owns the country’s largest lettings agent network including national chains Your Move and Reeds Rains. […]


Media Spotlight: The Virtual Revolution, BBC 2

The internet is something we take for granted. We can access it anywhere, any time. It has spawned multimillion pound businesses, changed the way we work and revolutionised the way we interact. In fact, if you think about the wealth of information available at the click of a mouse the mind boggles. BBC 2’s four-part […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


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