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Chancellor's statement - Further commentary from LiveMore Capital
23 September 2022
Simon Webb, LiveMore Capital managing director – capital markets and finance, said “I expect this to be seen as a budget that attempts to balance inflationary pressures with economic growth objectives, and helps affordability of first time buyers following a period of significant house price appreciation. Raising the stamp duty band for first-time buyers is a nod to people trying desperately to get on the housing ladder and it will undoubtedly be a help for those of all ages struggling to afford their first home. It will do little to dampen house price inflation but will help to bolster the lower end of the market. The big question is how this will all be paid for.”
