Breaking News: Stamp Duty shortfall of £9.5bn will be 50% of the Budget deficit in 2020

Isn’t it ironic, that the main plank of the former Chancellor Osborne’s fiscal discipline was to produce a Budget surplus in 2020, which has now been revised by Mr. Hammond, to approximately £20bn and 50% of this shortfall, will be due to lower Stamp Duty Receipts; which was Osborne’s folly.

 

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