UK Stocks Budget Boost Fades on Worries Over Rates, Pound

Finance

Housebuilders Persimmon Plc and Taylor Wimpey Plc jumped as much as 4% as Kwarteng outlined changes to the thresholds for stamp duty — a property transaction tax — that’s expected to boost property demand. Marks & Spencer Group Plc, meanwhile, was among retailers gaining on news that a planned increases in the duty on booze will be cancelled. Broader tax cuts for corporations and individuals were also announced, as well as VAT-free shopping for overseas visitors. 





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