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A decent home is crucial
A decent home is crucial to family well-being. Homeownership has
increased by over one million with Labour and by the end of our third
term we aim for it to have risen by another million to two million.
Rising house prices in many areas of the country have made it difficult
for people on lower incomes to get a foot on the housing ladder. So we
have raised the stamp duty threshold from £60,000 to £120,000 for
residential properties, exempting an extra 300,000 homebuyers from
stamp duty every year.