 He also revealed that he was able to confirm with the Treasury that if the Price Cap were to fall below the level of the Price Guarantee, customers would be switched to the cheaper of the two measures. The personal finance guru earlier tweeted to explain what the newly-announced cut in stamp duty will mean for house-hunters. He wrote: "So while currently you pay no stamp duty until property costs £250,000 (£400,000 for first time buyers) it will go back to £125,000 (and £300,000 for first time buyers)." The Chancellor confirmed in a statement a few weeks ago that the cut to stamp duty would remain in place. But now he has set a date for it to end, as he announced a raft of measures aimed at balancing the books. It comes as Mr Hunt announced: He said: "The OBR ex){kind=link}
MONEY-saving expert Martin Lewis has given his verdict on today’s Autumn Statement – including a ‘worrying’ change for energy customers.
He was responding to the Chancellor’s speech in the Commons this morning setting out the fiscal update.
Mr Lewis posted a video on Twitter analysing the new measures introduced today.
He explained a ‘worrying’ change in the form of the announcement that the cap of the Energy Price Guarantee would go up by 20%.
The Energy Price Guarantee limits the amount consumers are charged for average energy usage.