Taylor Wimpey profits show what a waste Sunak’s stamp duty giveaway was | Nils Pratley

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The housebuilder and its rivals did not need help from the taxpayer to get through the pandemic

The recent UK property boom would have happened without the temporary stamp duty cut, given ultra-low interest rates and pent-up demand.The recent UK property boom would have happened without the temporary stamp duty cut, given ultra-low interest rates and pent-up demand.rom where Rishi Sunak sits, he might regard Taylor Wimpey’s bumper set of first-half figures as a triumph of policy-making.

 

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Indeed. Many people could be caught in negative equity. A family member is an estate agent and reports that the hiatus caused prices to rise ridiculously because of the demand. Many people will have overpaid.

An article written solely to support the Labour party

who writes this crap your kidding me they made a profit damn so they didn't have to get rid of their staff what a waste and they were able to pay tax.

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