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The Guardian - UK
The Guardian - UK
Politics
Peter Walker Deputy political editor

Labour considering higher taxes on foreign buyers of UK homes

Housing development in Barking, London.
Labour’s plan includes increasing the stamp duty surcharge for overseas purchasers and a sale period for first-time buyers only. Photograph: Karen Robinson/The Observer

Labour is considering moves to levy higher taxes on foreign buyers of UK homes, as a senior Conservative blamed their party’s abolition of housebuilding targets for woeful results in last week’s local elections.

In another sign that Labour believe Rishi Sunak is politically vulnerable over the housing crisis, the party has devised a series of policies aimed at making it easier for UK residents to buy homes.

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