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Britain's Prime Minister Andy Burnham speaks during a National Economic Council meeting at No 10 North at Heron House on July 24, 2026 in Manchester, England.  Christopher Furlong/Pool via
Britain's Prime Minister Andy Burnham speaks during a National Economic Council meeting at No 10 North at Heron House on July 24, 2026 in Manchester, England. Christopher Furlong/Pool via
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UK PM Burnham rules out changes to stamp duty at next budget

July 27th, 2026 | 15:44 PM WORLD United Kingdom 2

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By Reuters

Britain's Prime Minister Andy Burnham on Monday ruled ​out any changes to stamp duty, a tax ‌on home sales, at the next budget due later in the year.

Asked if the government would change or scrap stamp ​duty in the next budget, Burnham said: "Yes, ​I can say that quite clearly. That won't ⁠be happening."

Stamp duty on land and property raised £16.6 billion ($22.1 ​billion) for the government in the last financial year ​but many economists say it deters people from moving for work or downsizing, leaving the housing stock poorly used.

"It's just ​not the case that we are bringing forward plans ​on that scale at this moment in time...What we're trying to ‌do ⁠though is to make taxation fairer," Burnham, who became PM on July 20, told reporters.

Previously Burnham has said he may ask people to pay "a little more" ​in tax as ​the country ⁠faces major spending pressures from an ageing population and a need to rebuild ​its armed forces as well as broader ​investment ⁠goals.

The governing Labour Party's 2024 manifesto ruled out increasing the rates of income tax, national insurance or value-added tax, ⁠which ​together account for nearly two ​thirds of total tax revenue.

($1 = 0.7516 pounds)

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  • BRITAIN
  • POLITICS/STAMP DUTY (UPDATE 1)
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