'There are too many uncertainties': reactions to the summer statement

From workers on furlough to house buyers, how Rishi Sunak’s changes are affecting people

• Summer statement: chancellor’s key points at a glance
• Analysis: Sunak tries to kickstart UK’s economy

Rishi Sunak has announced a range of measures in his summer statement, from a bonus scheme for employers who retain furloughed workers to a cut in VAT for the hospitality and leisure sectors and a stamp duty holiday. Here is the reaction from people who have been affected by the changes.

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Stamp duty holiday may revive housing market, say experts

Summer statement raises hopes for flurry of fresh buyers entering property sector

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The suspension of stamp duty on property sales of up to £500,000 in England and Northern Ireland will revive the housing market, according to industry experts, as buyers and sellers emerge from the coronavirus lockdown.

The property website Rightmove said traffic to its listings jumped by 22% immediately after the chancellor confirmed the £3.8bn tax break, which takes place immediately, and estate agents said they expected the change to boost activity.

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Stamp duty cut to boost property market and save buyers thousands Nottingham Estate Agents

The Government has announced an immediate cut to stamp duty in a move aimed at boosting an uncertain property market. Chancellor Rishi Sunak told the House of Commons in a special statement at lunchtime on 8 July that stamp duty would no longer apply on property purchases up to £500,000. The change will cut £4,500 […]

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Favourite fixer upper Nottingham Estate Agents

If you’re looking for a project in the country with scope to create something amazing, then look no further. This smallholding of 11 acres has a period farmhouse in need of complete refurbishment but the rewards would undoubtedly be incredible. Greenhill Farmhouse sits outside the town of Ammanford in Carmarthenshire near the Brecon Beacons National […]

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Star property over £500,000 Nottingham Estate Agents

This astonishing home sees modern architecture harmonise with natural beauty to create an amazing place to live. Nestled discreetly off the coast road in Stiffkey, Norfolk sits Highfield, an exceptional dwelling boasting fine architecture and gorgeous interiors – a true labour of love. The property is for sale for £2,250,000 and is marketed by Sowerbys, […]

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What does the new stamp duty holiday mean for you?

Here's what you need to know.

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Stamp duty: what is it and what has the chancellor changed?

Rishi Sunak has announced a stamp duty holiday in his summer statement. How will this affect you?

The chancellor, Rishi Sunak, has announced there will be no stamp duty to pay on property purchases up to £500,000.

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