Stamp duty cut: rumoured property tax cut in Friday’s mini-Budget could push up mortgage bills

Ahead of Chancellor Kwasi Kwarteng’s mini-budget on Friday, The Times reported that radical plans to cut stamp duty are in the pipeline as part of efforts to boost economic growth. Downing Street refused to comment.But while home buyers may welcome a potential stamp duty cut, it could also lead to them paying bigger monthly mortgage bills, a finance expert has warned.