Jacob Rees-Mogg ‘Cut Stamp Duty Now’

‘Stamp duty must be cut as a matter of urgency’ declares Jacob Rees-Mogg as he want’s the Conservative party to return to is values in a bid to help them win the next election.

While writing for The Telegraph, Mr Rees-Mogg condemned Prime Minister, Theresa May, for lacking inspiration, while also denying speculation that he is about to challenge for the Tory leadership.

Mr Rees-Mogg’s intervention comes as more and more ministers and peers are urging The Chancellor, Philip Hammond, to cut stamp duty dubbed a ‘tax on moving’ in his Autumn Budget. Only last week Iain Duncan Smith also called for a review on buy-to-let stamp duty.

While recently setting out his vision for electoral success, Mr Rees-Mogg has urged the Prime Minister to ‘reduce stamp duty and income tax.’ While also demanding the government to demolish tower blocks.

However the stamp duty change has had little effect on the market in the North East of England, mainly as the stamp duty levy was introduced as a London centric policy to slow the market down therein. The North East with its high yield and well-priced property represents a great opportunity to still invest in buy-to-let. If you’re looking to invest in the North East of England – call us today on 0191 5700 086 or email info@morgangrey.co.uk