Kirstie Allsopp tells Rachel Johnson stamp duty 'doesn't work' and we should pay pensioners to downsize to free up larger homes for young people
Kirstie Allsopp said she believes stamp duty is acting as a deterrent to older people downsizing.TV presenter Kirstie Allsopp has told Rachel Johnson that the UK rental market is "massively broken" and taxes such as stamp duty discourage older people from downsizing.
Speaking on LBC's Difficult Women podcast, Kirstie, 51, suggests stamp duty "doesn't work" and is making the housing market worse for everyone in the UK."There are all sorts of things that I would do with stamp duty. I think the number one thing that is a problem with stamp duty is it discourages people from making that final move.
"For older people, they say ‘ah, I’m 70 not gonna downsize cause because I’m not gonna spend'," she argues.The 51-year-old property expert later added the UK rental market is "massively broken"."We need to have longer leases, more secure leases, we need to stop having this incredibly combative attitude between landlords, tenants good, you just don’t have that in Germany, Italy and other places," she said.
Kirstie finally added that she believes "the two things in this country which are so cripplingly expensive are property and childcare”.
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