Propertymark has warned the Chancellor against hampering growth in the housing market.
It comes as Rachel Reeves used a speech yesterday to hint at tax rises in her Budget later this month.
Nathan Emerson, chief executive at Propertymark, said:“With increasing speculation about potential tax rises, it is crucial that careful consideration is given to avoid hampering growth within the housing market, as it is a central engine of the economy.
“It is encouraging to hear the Chancellor state that her Autumn Budget is aimed at boosting productivity. Any measures designed to ease the cost of living and positively impact the housing market would be very welcome news for consumers.
“However, with continued uncertainty ahead of the Autumn Budget regarding possible changes to Stamp Duty and National Insurance, both of which could directly affect landlords, these measures will be closely scrutinised. The Chancellor must ensure a careful balance is struck to promote future investment and enhance confidence in the sector, especially at a time when governments across the UK are pursuing ambitious housing targets.”
Source: Estate Agent Today
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