Budget to target millionaire stamp duty avoidance

Speaking on BBC One’s Andrew Marr Show, Osborne said: "Rich people, often foreigners who come to this country, but also some people here in Britain, who put homes into companies to avoid stamp duty – that is completely unacceptable.

"We are going to come down on that practice like a ton of bricks, We are coming after that tax avoidance, we are going to be extremely aggressive in dealing with it, and people are going to face a very punitive charge."

He added: "People have had their warning. They need to pay stamp duty on the homes they live in."

To the relief of many, Osborne  also said that this would be a "Budget for working people".

He said: "My priority is to help low and middle earners. That’s where the bulk of effort in the Budget is going to be."

Have your say on this story using the comment section below