Fiddling with stamp duty while the market burns

George Osborne’s stamp duty reforms were “foolish, uncollegial and arrogant”, according to Trevor Abrahmsohn, but Sajid Javid’s radical proposals before a looming general election, might make things worse. Switching the tax liability from buyer to seller, says Abrahmsohn, risks destabilising existing mortgage arrangements, driving prices up and demotivating sellers. A good morning read, here.