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The Independentindependent.co.uk

Major housebuilder urges Burnham to ditch stamp duty and slash red tape if he becomes PM (opens original article in a new tab)

TL;DR

Berkeley urges Andy Burnham to cut stamp duty and reduce red tape to address London's housing crisis, warning that current policies are failing to meet targets.

  • Berkeley urges Andy Burnham to reduce stamp duty to 3% for new homes and remove surcharges to boost housing market
  • London is only meeting less than 10% of its annual housebuilding target with 8 years needed to complete an apartment building
  • Berkeley claims tax cuts and regulatory changes could help London meet housing targets and increase GDP by 1%

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