04 Dec 2014
Anchor’s Chief Executive, Jane Ashcroft, has commented on the Chancellor of the Exchequer’s Autumn Statement delivered to Parliament.
“We are disappointed that today’s announcement from the Chancellor, George Osborne, has failed to include a full exemption from Stamp Duty for older people who wish to downsize.
“We know that many older people who would like to explore smaller living options currently feel constrained by the financial impact of moving. Whilst the plans announced today will reduce stamp duty payments for a number of older people, this does nothing to address the core issue: older people not being financially encouraged to downsize means their homes are not freed up which would benefit everyone below them on the housing ladder, particularly first-time buyers.
“Anchor’s Grey Pride Manifesto calls upon each of the political parties to commit to scrapping stamp duty for older people downsizing and we would urge Government to look once again at their response to our aging society and older people’s needs by appointing a Minister for Older People to lead a cross-departmental approach on issues like stamp duty, in order to better support Britain’s current and future older people.”