Claim: As a result of the government's "Growth Plan", a typical first-time buyer in London moving into a representative terraced house will save £11,250 on stamp duty and £1,050 on the household's energy bills—and if they earn £30,000, almost an additional £400 on tax. This is around £12,700 in total.
Fact-check: Do Treasury claims about a 'typical' first-time buyer's savings add up? - Full Fact
Verdict: these figures are accurate in and of themselves. but in calculating the savings for this hypothetical buyer, the treasury's made a very specific set of assumptions.
Organisation: Full Fact
Author: Hannah Smith
Date published: 2022-09-30T00:00:00