Stamp duty more of a problem than Brexit, says outgoing Redrow boss

By Dave Rogers2019-02-07T06:00:00

Steve Morgan takes final swipe in Persimmon bonus row calling former boss a ‘lucky guy’

The outgoing chairman of Redrow has said rising stamp duty is having more of an impact on housebuilding than next month’s Brexit.

The housebuilder’s founder Steve Morgan is retiring from the business for a second time, stepping down next month.

Announcing his last set of results yesterday, Morgan said the new stamp duty bands introduced at the end of the 2014 and the additional surcharge introduced nearly three years ago was causing more havoc for housebuilders than Brexit.

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