Chancellor Rishi Sunak has been urged by Conservative MPs to scrap or cut stamp duty (The Telegraph). Rising house prices mean that 1.2 million homes that were zero-rated before the pandemic now require buyers to pay stamp duty. A further 3.2 million have been pushed into higher stamp duty brackets.
£18.6 billion was collected through the tax in the year to March 2022, an increase of £6.1 billion despite the stamp duty holiday during the pandemic