A bunch of Tories have published a pamphlet that calls for stamp duty to be paid by vendors, not buyers. The plan, devised by members of the “40 Group” – which consists of the 40 most marginal Conservative seats won at the 2010 general election – is included in a book called “40 from 40”, which outlines a number (40 – good guess) of ideas that these MPs think might help them keep their jobs. “This is not a group with a single, ideologically driven view of the world,” says the pamphlet.
Prime Minister Dave Cameron’s foreword to the tome flags up the broad church of Tory ideology: “I welcome this publication from the 40 Group, a compilation of interesting ideas that will make a valuable contribution to policy debate within the Conservative Party.”
It’s tough to argue with most of the concepts in the book (some of them aren’t exactly novel), but practicality could be more of an issue. The switch of stamp duty liability is a case in point, with the argument for a change being rounded off in the book with a tacit acceptance that it would not do much in the real world; “The principles of tax are as important as the pragmatism.”
Here are the 40 ideas: