IEA report Raising the Roof featured in the Daily Express
“Stamp duty must be slashed and large sections of the green belt declassified as part of a radical package of reforms to tackle Britain’s housing crisis, a report demands today. The unpopular tax should be taken back to 2010 levels to kick-start the housing market, the study found. Such a move would make it easier for pensioners to sell larger homes and make room for growing families.
“Jacob Rees-Mogg, who is tipped to become Boris Johnson’s Chief Secretary to the Treasury, co-authored the study for the Institute of Economic Affairs think-tank which wants local councils to be able to cut the levy. He also warns that the green belt has expanded much further than was originally intended and calls for Theresa May’s successor to lift restrictions on building on brownfield or derelict sites within the currently protected zones.”
Read the full article here.