Will help the stamp tax cuts, the boys on the stairs?

Nikki Entwistle

What is the meaning of the measures, the mean in the Budget for the young people in the UK?

The Chancellor, Philip Hammond, announced the immediate abolition of stamp duty for properties up to £300,000 in England, Northern Ireland, and for a time, Wales.

The average of the first-time buyer pays around £1600 in stamp duty, according to Halifax Building Society.

The BBC spoke to a number of young people, to find out whether they thought the Chancellor had gone far enough.

PA

Hollie Croft, 31, is the purchase of a house in London with her husband.

“Our stamp would have been a duty of £9,000,” she said.

“Now, we can afford to redo the bathroom immediately, rather than living with the rundown, would be stored until we can.

“Saving for a Deposit, with London no holidays, no new clothes, and very few nights has rent meant.

“I still think current housing prices in relation to wages, and I don’t know if this change helps in the long term, but for us, now? We are very happy.”‘Empty Promises’

Madeleine van Oss, a 25-year-old law student at Oxford, told the BBC that the stamp-duty cut, the difficulties reflected faced by many young people, the access to the housing market.

“If I get a good job and I can buy a house, the stamp-duty [cut] will help me,” she said.

“It is good to see a confirmation that the things it was more difficult for us now, as for you, back in the day.

“Personally, I think [the Budget],” she added.
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Others were more cautious. Nick, 19, said: “many of [the Budget], I felt, was just empty promises and things to try to win over the voters.”

He added: “I am not sure how much of an impact the stamp duty change for first time buyers.

“With real estate prices are on the rise, especially in London, £300,000 in house conditions is not much, in my opinion.”

Nikki Entwistle, 33, agrees. To go after he dismissed from your job at British Gas in the year 2016, they decided to return to college, where she is now studying animal management.

“I’ve never been able to afford my own home,” she said.

“I have rented since I was about 19.

“It seemed expensive, but prices have risen a lot.

“I don’t know how the government expected to save we can afford.

“With Council tax, energy costs, rent and food, there is not enough left.

“I think there is a cap on the rent.

“Pay almost £700 per month, makes it impossible.”

James Furniss-Rees

James Furniss-Rees, graduated from the University in July with a £58,000 of debt, said there had been “enough” in the budget for him.

“There was no real talk about debt, where there will be changes to the time frames, if you have to pay back, and how,” he said.

“The government should revise to, whether we pay tuition fees, because it is unrealistic for us to pay that all back.”

By the BBC’s UGC & Social News