Autumn statement 2023: what might it mean for London first-time buyers and homeowners?

Chancellor Jeremy Hunt will deliver his 2023 Autumn Statement at 12.30pm on Wednesday 22 November.

Alongside the Budget in spring, it’s the time for the government to reveal its future spending and tax plans.

As well as having an impact on household finances, there are several announcements that could be of interest to homeowners and those hoping to buy.

Last year’s Autumn Statement came hot on the heels of the disastrous mini budget that ended Liz Truss’s short stint as Prime Minister after then-Chancellor Kwasi Kwarteng sent inflation soaring and plunged the UK property market into mortgage chaos, falling sales and house prices, and an escalating rental crisis.

One year on, as Londoners struggle with high interest rates and the cost-of-living crisis chipping away at their housing security, could there be relief on the horizon revealed tomorrow?

Stamp duty threshold changes?

Stamp Duty Land Tax (SDLT) could be on the agenda, but the (contested) reforms bought