Alistair Darling states that the suspension of Stamp Duty is purely speculation

Are they or aren’t they? it’s what is on all potential homebuyers minds, but the Treasury has ended speculation as to if the proposal has actually been put forward from the government in regards to the much talked about delay on stamp duty payments, the answer from the treasury was that the speculation is “simply wrong and purely speculation”.

Alistair Darling did not rule out changing the tax in order to free up the housing market. But Tories have accused Darling of playing “short-term games”, the Chancellor seems to have upset UK estate agents too with showering them with uncertainty in an already troubled property market.

The Treasury has said the story are just speculation, and that they are looking at a number of options.

It seems clear that the Chancellor is scratching his head, and still needs to make a decision as to an economic recovery package to be put together.

It seems now homebuyers and owners are in an even worse position with a potential delay in property transactions, and with no definite proposal on the table whilst we all wait for Mr Darling to make up his mind.

In the recession during 1991, the Conservative party temporarily suspended the tax on homes worth less than £250,000.

What are your views, do you think that Stamp Duty should be suspended, and indeed do you think it will make that much difference?

http://news.bbc.co.uk/1/hi/uk_politics/7547584.stm

Read more about the British housing market here.