Chancellor Kwasi Kwarteng announced a slew of economic changes, including tax cuts and the cancellation of several planned tax rises in his first big announcement since Liz Truss became prime minister.
• £312,000 home for first-time buyer: Now £0 stamp duty • £600,000 home: Now £17,500 The average London house price is £543,500, the latest Land Registry figures for July revealed.
Announcing the cut, Mr Kwarteng told MPs:"The steps we've taken today mean that 200,000 more people will be taken out of paying stamp duty altogether.Stamp duty is only paid in England and Northern Ireland, with home buyers in Scotland paying land and buildings transaction tax, set by the Scottish government.
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