UK Prime Minister Liz Truss is set to bring in plans to cut stamp duty ahead of Friday’s “mini budget."

Stamp Duty Land Tax (SDLT) is a “bad tax” according to Jeremy Raj, national head of residential property at law firm Irwin Mitchell.

He said stamp duty “inhibits the market and is excessively complex and unfair." As a result, he claimed of the limited Government levers available “this is a good one to pull."

The cut is likely to stimulate confidence and activity in the market, according to Mr Raj. This will help people service the right accommodat...