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Stamp duty cut benefitting 69,000 households
According to government figures, the abolition of stamp duty land tax on properties under £300,000 has helped 69,000 first-time buyers since the relief was introduced.
The figures have led the Ministry of Housing, Communities & Local Government to predict that the policy will help over one million people getting onto the housing ladder over the next five years.
Separate figures also reveal that 387,000 people have now used the government’s Help to Buy scheme, and over 1.1 million accounts have been opened with the Help to Buy ISA, offering government bonuses of up to £3,000.
Mel Stride, Financial Secretary to the Treasury, said: “I’m proud that the cut to stamp duty for first-time buyers is helping to realise the dream of home ownership for a new generation, alongside building more homes in the right areas, and generous schemes such as the Lifetime ISA and Help to Buy.”
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More than £100 million will be invested in Welsh public transport, the Cabinet Secretary for North Wales and transport, Ken Skates has said.
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It will primarily focus on supporting the chief social care officer for Wales in their role, and delivering a National Care Service for Wales.
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According to the latest figures more than £163 million has been saved due to an efficiency drive on the government estate.
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