Blue Sky welcomes Stamp Duty cut

Posted on: 27/11/2017

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Responding to today’s Budget, Gary Neild, Managing Director of Poole-based Blue Sky Financial Planning, said:

“The reduction in Stamp Duty for first time buyers is a step in the right direction.

“The impact will be relatively small but confidence is key and it will only help at a time when we are faced with uncertainty in the UK.

“Hopefully, the government will see fit to eventually abolish Stamp Duty, a tax which in my opinion is counter-productive to economic growth and, relatively speaking, doesn’t raise as much tax revenue as in other areas.

“It was pleasing to see that there were no major changes to pensions and savings.

“Pensions have suffered in previous budgets and so it was nice to get some respite and avoid the complexity of further manipulation.”