Stamp duty more of a problem than Brexit, says Redrow boss

摘要

The outgoing chair of Redrow has said rising stamp duty is having more of an impact on housebuilding than next month's Brexit. Founder Steve Morgan is retiring from the housebuilder for a second time, stepping down next month. Announcing his last set of results last week, Morgan said the new stamp duty bands introduced at the end of the 2014 and the additional surcharge introduced nearly three years ago were causing more havoc for housebuilders than Brexit. "Stamp duty has had a much bigger effect on the market than Brexit," he said. "[The rises] have been an impediment."