UK Business

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Housebuyers hate stamp duty. Why hasn’t it been reformed before now?

Written by Paul Cheshire, Professor Emeritus of Economic Geography, London School of Economics and Political Science

For years, academic economists have argued that council tax and stamp duty are deeply flawed. Politicians from all corners, as well as various thinktanks, also seem to agree. Back in 1976, the UK even had a royal commission recommending radical reform, but it was never implemented.

But now the UK government is said to be...

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