This is from HM Treasury, extolling the virtues of the latest mini-budget
The £11,250 Stamp Duty saving is based on the "average" terraced house price of around £600,000 (in London).
Sounds really good, except for one small question - how would someone on a salary of £30,000 afford a £600,000 house?
A 25-year mortgage of £600k at 4% interest would cost £3167 per month (£38,000 per year) from a take home pay of £2,000…