Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Burnham Confirms No Stamp Duty or Rent Control Changes in Autumn Budget

Prime Minister Andy Burnham has ruled out any changes to stamp duty in this year's Autumn Budget. Housing Secretary Angela Rayner has also confirmed that rent controls will not be introduced in England.

The announcements address recent speculation about potential government interventions in the property market. Burnham stated that there are no current plans for large-scale changes to property taxation, emphasising the government's focus on making taxation fairer.

Angela Rayner's confirmation that rent controls will not be implemented in England closes off another area of uncertainty for the property and lettings industry. This follows concerns from industry figures that speculation about policy changes was creating instability in the market.

Kate Davies, executive director at the Intermediary Mortgage Lenders Association (IMLA), noted that uncertainty around future housing policy was affecting landlord confidence and market activity. She welcomed the government's decision to rule out reported proposals to replace council tax and stamp duty with an annual charge on property values, and highlighted the need for stability and clarity in the sector.

Tony Hall, head of business development at Saffron for Intermediaries, commented that landlords are adapting to market conditions rather than leaving the sector, and continue to provide much-needed rental homes.

Davies also welcomed the decision not to introduce rent controls, referencing the experience in Scotland and urging the government to make this position permanent. She called for any future reforms to prioritise stability and full consultation with the industry.

These developments provide greater certainty for letting agents and inventory clerks, as no immediate changes to stamp duty or rent controls are planned in England.