The stamp duty cut will benefit people buying a second, third or buy-to-let property, according to shadow chancellor Rachel Reeves.
In his mini-budget, The Chancellor, Kwasi Kwarteng confirmed a cut in stamp duty, meaning 200,000 less people will pay the tax on house purchases. He told the Commons: "Home ownership is the most common route for people to own an asset, giving them a stake in the success of our economy and society.
"So, to support growth, increase confidence and help families aspiring to own their own home, I can announce that we are cutting stamp duty.
