{
  "id": 12323842,
  "title": "Cut stamp duty to reap £4bn windfall, Berkeley urges Healey",
  "url": "https://urgent.news/2026/10/06/cut-stamp-duty-to-reap-4bn-windfall-berkeley-urges-healey",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-06T06:51:12.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/cut-stamp-duty-to-reap-4bn-windfall-berkeley-urges-healey/"
  },
  "original_language": "en",
  "account": "Housebuilder Berkeley Group has urged Chancellor John Healey to reduce stamp duty on newly built homes, arguing it could boost the Treasury's coffers by £4.2bn. In its recent Budget submission, the London-listed firm warned that cutting the five percent investor surcharge on new homes could unlock 30 percent sales growth. Home sales have dropped by 56 percent since 2022, with building costs skyrocketing since the onset of the Iran war. Berkeley Group's executive chairman, Rob Perrins, argued that reducing the stamp duty levy is the quickest and most effective lever to restart homebuilding in urban areas. The group asked the government to cap stamp duty at one percent for first-time buyers and downsizers. While the Your First Home scheme aims to help first-time buyers onto the housing ladder, industry experts warn that it won't solve the acute housing crisis, particularly in London.",
  "summary": "One of Britain’s biggest housebuilders has urged John Healey to slash stamp duty on newly built homes, in a move which it says would hand the Treasury a £4.2bn windfall. In its Budget submission, London-listed Berkeley Group told the Chancellor that urgent action was needed to prevent the housing market from “sliding over an economic [...]",
  "key_points": [
    "Berkeley Group urges Chancellor Healey to cut stamp duty on new homes",
    "Stamp duty reduction could boost Treasury by £4.2bn, claim experts",
    "First-time buyers and downsizers should face capped stamp duty at 1%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}