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Article: Stamp duty cut 'too little too late'; Lucky break: Louise and Mark Gilbert with their three children The rescuers: Alistair Darling, Gordon Brown, Hazel Blears and Yvette Cooper yesterday.
- Article from:
- Daily Mail (London)
- Article date:
- September 3, 2008
CopyrightCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Benedict Brogan, Becky Barrow
SIX GORDON Brown's giveaway to homebuyers did little to brighten his prospects last night amid mounting evidence that Britain has plunged into recession.
The Treasury announced a one-year stamp duty holiday on houses worth up to ?175,000. It will save buyers up to ?1,750.
There will also be interest-free loans for first-time buyers on low incomes, help for those facing repossession and more money for social housing.
Downing Street called it a modest but essential package of help for those at the sharp end of the credit crunch.
But the emergency scheme, worth a total of ?1.6billion, was ...