So the 1% stamp duty on the sale of properties under £175,000 is to be abolished (at least temporarily), thus saving those buyers of houses between £125,000 and £175,000 the princely sum of between £1,250 and £1,750. It will make absolutely no difference to those buying more expensive houses.
Will it make a significant difference to the housing market? Probably not, but it's marginally better than a poke in the eye with a sharp stick.
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