RSS feedsThe Federation of Master Builders and the National Federation of Builders have described the confirmation of a stamp duty holiday as 'sticking plaster'.
Following yesterday's announcement by Treasury of the 12 month stamp duty suspension and subsequent loss in taxes, many have criticised the plans for not going far enough.
Richard Lambert, director-general of the CBI, warned that the changes to stamp duty would come at a cost and 'may turn out to be largely symbolic'.
In addition to the stamp duty holiday, the government also announced a £1bn mortgage package aimed at restoring the flailing property market.
The Council of Mortgage Lenders said the package could help 'some vulnerable customers' and welcomed the extension of income support for mortgage interest.
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