Hey everyone, Rob B here with Rob D and you are listening to the Property Podcast. It's a big one.

We've got a new Prime Minister. He's talked a lot about property. He's achieved some big things in

Manchester and he's also used those scary words in the past as well, rent control.

Welcome to the property podcast. Thank you for joining us. In case you don't know, we run a business that arranges over £100 million worth of property deals every

year for our clients. You can find out about that at property hub.net slash invest. And in all the

conversations that we've been having with clients, there is one

topic coming up more than any other. Today, we're talking about what Andy Burnham as Prime Minister

could mean, what he might do, and most importantly, what you should be doing right now.

It's time for our new story of the week. And this won't be the only time we talk about

stamp duty in this episode. We need to talk about

Andy's plans for stamp duty. But there is an important news story here and it comes courtesy of

Hamptons and they've done a bit of research and they've worked out that the average stamp duty

bill in England is up 194% since 2015, where property, the same period, has risen by 44%.

So 194 versus 44%.

And this is the clever trick, Rob, that the government uses, and all governments, not just

the existing one, where they keep the government uses, and all governments, not just the existing one,

where they keep thresholds level and they let inflation reap the rewards. Do you want to

explain what I mean about that? Yes, there are a few reasons for their stamp duty has been

tweaked over the years, but the biggest reason is what the cool kids call fiscal drag.

So essentially as inflation pushes prices up, tax bans stay where they are,

which means that more transactions and a bigger proportion of transactions get dragged into the higher

tax bands where a higher rate of tax is applied. The result of that, you said Rob, was a 194%

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