Abolishing stamp duty would support growth, Paul Johnson argues

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Abolishing stamp duty would support growth, Paul Johnson argues — Stamp duty called harmful and obsolete

Paul Johnson criticizes stamp duty, describing it as harmful and increasingly recognized for its negative impact.

He argues that any government focused on economic growth and public welfare would choose to abolish the tax.

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Johnson has previously linked stagnant growth to mounting cost of living pressures in the UK, warning that subsidising prices to address supply shocks is unsustainable in a recent analysis. In a separate report, he observed that working age welfare spending has remained stable as a share of national income. His latest comments on stamp duty follow these earlier assessments of fiscal policy and economic challenges.

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