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Rishi Sunak
The think tank argues that scrapping the stamp duty holiday would stimulate greater activity in the housing market.
Alternatively, if stamp duty is not to be abolished, the think says that the government should focus on permanently increasing the stamp duty threshold to £500,000 for property sales in England and Northern Ireland
A report from the Centre for Policy Studies warns that the lessons of major crises, such as world wars, is that countries should slash taxes to encourage business investment.
Report author Jethro Elsden said: “A key lesson from post-war recovery is that interventionist, high-spending policies lead to lower and slower economic growth.
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