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The Free Enterprise Group claims that middle-income households need more help to improve standards of living and that the government can make more efficiencies. It is proposing a £15.79bn package of tax cuts. As well as the stamp duty plan, raising the earnings threshold for higher-rate income tax to £50,000 a year is the primary focus of the group's Conservative MP members.
Over the last 12 months we have seen prices consistently rise and fall. 2013 started with a 0.7% fall but the last couple of months have seen house prices creep up ever so slightly. Banks and building societies and even the Chancellor of the Exchequer are trying to encourage buyers back into the housing market in an attempt help people onto the property ladder. But for many people across the UK buying their first house is still out of their reach due to prices in some areas remaining incredibly high.