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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."

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