My Property Box

Ben Quaintrell, the founder of North East estate agency group My Property Box, said: “The Chancellor may not have much wiggle room given the current economic constraints, but he must prioritise measures encouraging business growth and investment.

“Lowering the tax burden on business will relieve the current financial pressures on entrepreneurs and encourage greater investment in growth, which is more important than reducing inheritance tax. It would be good to see a lowering of the tax burden for individuals, but this may not be possible over the short term given the concerted efforts to depress inflation, which in turn will lower mortgage rates.

“As a landlord himself, Jeremy Hunt will appreciate the need to encourage greater investment in the property sector and he may consider a Stamp Duty holiday that will both stimulate the market as well as the wider economy.”