Philip Hammond: stamp duty axe is incentive to save house deposit
(The Guardian Money News)

Chancellor says criticism that his flagship policy will merely raise house prices overlooks his plan to build more homesPhilip Hammond has defended his flagship housing policy against criticism it will raise house prices and said that abolishing stamp duty for first-time buyers would create an incentive to save a deposit.The chancellor said the policy, which abolished the stamp duty on homes under £300,000 for first-time buyers, would help a million people get on the housing ladder. Continue reading...