The Treasury has deleted a tweet about the potential savings that a first-time buyer could potentially make, in light of the mini-budget following criticism from consumer champion Martin Lewis.
Mr Lewis hit out at “irresponsible” government messaging over the stamp duty savings that could potentially be made by first-time buyers following the mini-budget. Speaking on ITV’s Good Morning Britain, which he was co-hosting on Monday (October 3), the consumer champion said the messaging from the Treasury could give some people “false hope” during the cost-of-living crisis.
A Treasury post on Twitter which has since been deleted originally said: “Thanks to the Growth Plan, a typical first-time buyer in London moving into a representative terraced house will save £11,250 on stamp duty & £1,050 on the household’s energy bills – and if they earn £30,000 almost an additional £400 on tax. This is around £12,700 in total.”
